RIYADH: Saudi-based Arabian International Healthcare Holding Co., known as Tibbiyah, has got the General Authority for Competition’s approval to acquire a 51 percent stake in UAE’s Innovative Healthcare Co.
Operating as a holding company, Tibbiyah, through its subsidiaries, offers medical systems, healthcare equipment, and medical supplies in the Kingdom.
The authority also approved Growth Avenue Investment Co.’s acquisition of a 40 percent stake in Saudi Medical System.
Since the beginning of 2021, the authority has approved 101 acquisitions.