(Bloomberg) -- Saudi Arabia’s sovereign wealth fund has picked banks for the planned initial public offering of the kingdom’s largest medical procurement...
-- Saudi Arabia ’s sovereign wealth fund has picked banks for the planned initial public offering of the kingdom’s largest medical procurement firm, as it hunts for cash to finance the crown prince’s ambitious economic agenda.BlackRock Says Gunman From Trump Rally Appeared in Firm’s AdJPMorgan Chase & Co., Morgan Stanley and SNB Capital have been hired to work on Nupco’s IPO, according to people familiar with the matter.
New from Bloomberg: Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in the region. The $925 billion wealth fund has listed several of its portfolio companies in recent years and is becoming an active debt issuer. Founded in 2009, Nupco seeks to raise the level of health services in the kingdom, improve the efficiency of government spending for the purchase of medical supplies and increase the effectiveness of supply chains in the public health-care sector, according to its website.Health care is one of the main focus areas of Vision 2030 as the country seeks to develop its drug industry. Dr Soliman Abdel Kader Fakeeh Hospital Co.
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