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Tibbiyah buys 51% stake in Saudi medical rival Innovative Care for $57m

RIYADH: Arabian International Healthcare Holding Co. has completed the acquisition of an SR214 million ($57 million) stake in Saudi medical rival Innovative Care Co. Known as Tibbiyah, the company now holds a 51 percent stake in Riyadh-based Innovative Care, which operates New You Medical Center, according to a bourse filing. Established in 2016, New You is a center

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