Maharah’s Growth Avenue completes acquisition of 85% stake in Arabian Shifa

13/01/2022 Argaam

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s subsidiary, Growth Avenue Co., completed the acquisition of an 85% stake in Arabian Shifa Medical Co. and all shares were transferred.

 

The company received, on Jan. 6, a no-objection letter from the General Authority for Competition (GAC) on completing the acquisition, Maharah said in a statement to Tadawul.

 

In December, Growth Avenue, which is 100% owned by Maharah, signed a sale-purchase agreement to acquire 85% stake in Arabian Shifa, specialized in home healthcare services and operation of medical centers.

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