Saudi Arabia’s largest private healthcare operators plans an IPO next month. The deal will be the first IPO to come to the local market after Saudi Aramco raised more than $29 billion in December. In other news, Saudi Arabia is committed to reducing emissions and will increase the use of gas as fuel to generate power and add more renewables to its energy reserves in the coming years. Last week the third round of its renewable energy programme was launched which aims to add a total of 1.2 GW of solar photovoltaic power capacity to the grid.
To read about this and more of the week’s news from the Kingdom, click here.
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