Logo of Maharah Human Resources Co.
Maharah Human Resources Co. (Maharah) said its fully-owned subsidiary, Growth Avenue Co. (GAC), signed a sale and purchase agreement (SPA) to fully acquire the 41.36% stake held by El Seif Commercial Investment Co. Ltd. and Saudi Medicare Co. Ltd. in Care Shield Holding Co. (Kingdom Hospital & Consulting Clinics).
The SPA sets some preconditions to the deal closure, including obtaining a non-objection certificate from the General Authority for Competition and fulfilling other necessary approvals, Maharah said in a statement to Tadawul.
On March 10, GAC signed a non-binding memorandum of understanding (MoU) with El Seif and Saudi Medicare to acquire their full equity in Care Shield Holding, Argaam reported.
The MoU was extended in July until Aug. 1.
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