AI Summary
Logos of Dallah Healthcare Co. and AYYAN Investment Co.
Dallah Healthcare Co.’s shareholders approved on March 12 increasing capital from SAR 976.81 million to SAR 1.02 billion by issuing 3.89 million ordinary shares.
The capital increase is part of Dallah’s plan to acquire AYYAN Investment Co.'s stakes in Al-Ahsa Medical Services Co. (97.41%) and Al-Salam Medical Services Co. (100%).
For More Mergers and Acquisitions
In a statement to Tadawul, Dallah said the capital increase will be used to acquire 14.61 million ordinary shares in Al-Ahsa, representing 97.41% of its capital, at a par value of SAR 10 per share. The company will also purchase all shares in Al-Salam, totaling 20 million ordinary shares, at SAR 10 each.
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Capital Increase Details |
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Pre-Increase Capital |
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SAR 976.81 mln |
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Number of shares before increase |
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97.681 mln |
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Capital Increase |
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SAR 38.94 mln |
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Capital Increase% |
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3.99% |
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New Capital |
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SAR 1.01 bln |
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New Number of Shares |
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101.57 mln |
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Share swap ratio |
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Based on the 14.61 million shares to be acquired in Al-Ahsa Medical Services, the swap ratio is approximately 0.16 new Dallah share for each Al-Ahsa share. For Al-Salam Medical Services, where 20 million shares will be acquired, the swap ratio is approximately 0.07 new Dallah share for each Al-Salam share. |
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Ownership percentage of holders of new shares post-acquisition (%) |
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3.83% |
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