Alnahdi Holding buys 4M shares in Nahdi for SAR 500M

Logo of Nahdi Medical Co.

Nahdi Medical Co. announced that two of its major shareholders, SEDCO Holding and Alnahdi Holding Co. Ltd., concluded a share sale and purchase agreement on Sept. 10. 

 

Alnahdi Holding purchased four million shares of Nahdi from SEDCO’s wholly-owned subsidiary Second Development Investment Co., according to a Tadawul statement today, Sept. 11.

 

The deal, valued at SAR 500 million, represented approximately 3.08% of Nahdi’s capital.

 

For More Mergers and Acquisitions

 

According to Argaam data, Alnahdi Holding owned about 35% of Nahdi before the deal, while SEDCO owned nearly 25%.

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