Logo of Dallah Healthcare Co.
Dallah Healthcare Co.’s board of directors decided, on Sept. 18, to start negotiations with shareholders selling their stake of 68.79%, or 34.395 million shares, in Dr Mohammad bin Rashed Al Faqih & Partners Co., according to a bourse filing.
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Transaction Details |
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Subject of Transaction |
Purchase of entire stake in associate firm Dr Mohammad Bin Rashed Al Faqih & Partners Co. |
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Status of Transaction |
Negotiating with shareholders |
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Buyer |
Dallah Healthcare |
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Seller |
Remaining shareholders in Dr Mohammad Bin Rashed Al Faqih & Partners Co. |
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Target Ownership (Shares) |
34.4 mln |
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Target Stake in Dr Mohammad Bin Rashed Al Faqih & Partners Co. |
68.79% |
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Dallah Ownership in Associate |
15.6 mln shares, or 31.21% |
Any related updates will be duly revealed.
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