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Saudi IPO Nets $2.3 Billion for One of World’s Richest Doctors

  • Sulaiman Abdulaziz Al-Habib owns 49% of health-care provider
  • It’s the first listing in Saudi Arabia since Saudi Aramco
Medical workers exit a Dr. Sulaiman Al Habib Medical Group hospital in Riyadh.

Medical workers exit a Dr. Sulaiman Al Habib Medical Group hospital in Riyadh.

Photographer: Fayez Nureldine/AFP via Getty Images

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A Saudi pediatrician has become one of the world’s wealthiest doctors after the medical-services group he founded priced its initial public offering at the top of a marketed range.