The Law Office of Salman M. Al-Sudairi in association with Latham & Watkins has advised Middle East Healthcare Company (MEAHCO) on its $480 million initial public offering and the listing of its shares on the Tadawul, the Saudi Stock Exchange.

MEAHCO is a healthcare service provider in Saudi Arabia that operates four major hospitals Riyadh, Jeddah, Madinah and Aseer. According to Reuters, MEAHCO will offer 30 percent of itself in its initial share sale, equivalent to 27.6 million shares, which will be marketed to institutional investors and then to the public.

A Latham & Watkins team led by Riyadh-based partners Sami Al-Louzi and Salman Al-Sudairi advised MEAHCO on the IPO, the first IPO in Saudi Arabia in 2016.