Tibbiyah to Divest Innovative Healthcare Holdings Majority Stake for SAR52 Million

02:17 AM EST, 01/01/2026 (MT Newswires) -- Arabian International Healthcare (SASE:9530), d/b/a Tibbiyah, agreed to sell its 51% stake in Innovative Healthcare Holding Co to United Arab Emirates-based Le Monde Holding for 52 million Saudi riyals. The medical systems and equipment company said Thursday its decision follows a decline in demand for surgical obesity procedures and is in line with its strategy to streamline its capital and direct resources towards other opportunities. The deal is subject to regulatory approvals in the UAE. Tibbiyah will utilize the sale proceeds to bolster its financial position, settle obligations, and support the execution of its strategy.