The youngsters of the late Suleiman Fakih enter the billionaires membership after launching their father’s medical group on the inventory market…

Al-Marsad newspaper: Al-Arabiya channel confirmed a report about Dr. Mazen Fakih, Ammar Fakih, and Dr. Manal Fakih, sons of the late Dr. Sulaiman Fakih, formally enter the billionaires membership after the general public providing of Fakih Medical Group on the inventory market.

group a lawyer Cheers

In accordance with the “report,” the three brothers share the administration of the Fakeeh Healthcare Group and the hospital named after their late father, Dr. Soliman Fakeeh.

Particular

The report mentioned that the primary, Dr. Mazen, holds the place of CEO and is a consulting doctor for inner drugs and endocrinology, whereas his brother Ammar is the chairman of the Board of Administrators in well being public and well being coverage at Columbia College, and their sister, Prof. Manal, Vice-Chairman of the Board of Administrators and holds a Doctorate in Enterprise Administration from the College of Glasgow in Nice Britain.

employment

The report continued: The trio inherited the well-known hospital named after their father, Suleiman Faqih, who based his first clinic in Mecca 60 years in the past. Final 12 months, the corporate achieved an estimated income at 2.3 billion rupees, coming to Their internet income are 232 million rupees, and so they have 4 hospitals with 840 beds and 1,800 college students of their college hospital.

worth Shares

The report mentioned: The three brothers determined to launch their well being group on the Saudi Tadawul market, and so they bought 19.8 million shares and issued 30 million new shares As a result of the ultimate worth was 57.5 rubles per share , the worth of the shares they bought was 1.14 billion rupees, and Mazen and Ammar every acquired 455. A million rupees in money, and Dr. Manal acquired 230 million rupees.

the proposal Closing

The report continued, relating to the worth of the corporate’s shares within the group, it’s estimated, in accordance with the ultimate supply worth, at 4.1 billion rupees, for Mazen and Ammar, and a couple of.05 billion rupees for Manal in whole ,. Mazen and Ammar entered the Bloomberg Billionaires Index at 1.2 billion {dollars}, equal to a median of 4.5 billion for every, whereas Dr. Manal’s wealth is estimated at $600 million, equal to about 2.2 billion.