Dallah Healthcare Co. announced the extension of the memorandum of understanding (MoU) with Kingdom Holding Co.’s subsidiary, Kingdom Investment and Development Co., to acquire a stake in Care Shield Holding Co. through share swap and cash consideration, for 15 days until May 14, 2020.
The MoU was extended with the mutual consent of both parties and with the same terms and conditions, the company said in a bourse statement.
On Jan. 1, 2020, Dallah Healthcare Co. said that that the MoU’s effective period has been extended with the mutual consent of both parties for a period of 121 days from Dec. 31, 2019 until April 30 2020.
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