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Saudi lab Al Borg seeks to rise $350m in IPO

RIYADH: Al Borg Diagnostics plans to raise $350 million for its planned initial public offering in the Saudi market, which is set to take place in the second half of this year, Bloomberg reported citing unnamed sources. The firm, owned by Investcorp, a major alternative asset manager in the Middle East, has selected EFG-Hermes Holding Co. and GIB Capital to assist with its
Saudi Arabia Ar Riya Hal Borg Efg Hermes Holding Co Gulf Cooperation Council Middle East

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'The right vision lays the foundations of a terrific future' in Saudi Arabia, says Investcorp co-CEO

DAVOS: With Saudi Arabiaโ€™s Vision 2030 plan to diversify the Kingdomโ€™s economy away from oil dependence, Investcorp co-CEO Hazem Ben-Gacem has only one way to look โ€” up. โ€œToday when you have the right vision, you have the right local infrastructure and local people, as well as the capital to go with that, these are the foundations of hopefully a terrific future,โ€ he told Arab
Saudi Arabia Hal Borg Hazem Ben Gacem Bindawood Holding Tadawul Stock Exchange World Economic Forum

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