The Saudi Stock Exchange (Tadawul) announced moving AYYAN Investment Co. from the capital goods to the healthcare sector, according to a bourse statement.

 

The new categorization will be applied in calculation of the sector indices starting from Jan. 3, 2021, it added.

 

The company's CEO Raed Al Naeem said in February that the company's strategic plan is to focus all of its future investments in the medical care sector across the Kingdom, according to data available with Argaam.

 

AYYAN owns several investments in the healthcare sector, with 100% ownership of Al Salam Medical Services Co. and 25% of Twareat Medical Center.

 

The company also holds a 69.9% stake in Al-Ahsa Medical Services. It announced recently it was in talks with shareholders to buy the non-controlling stakes in Al-Ahsa.

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