AI Summary
Logo of Dallah Healthcare Services Co.
The General Authority for Competition (GAC) issued today, Aug. 7, a non-objection certificate for the economic concentration of Dallah Healthcare Services Co. and International Medical Center (IMC).
Dallah will acquire Kun Investment Holding Co.’s entire stake of 18.98% stake in IMC.
Last June, Dallah signed Dallah Healthcare Co. (DHC) signed a share-swap agreement with Kun Investment to acquire its entire stake of 18.98%, or 14.23 million shares, in IMC, Argaam earlier reported.
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Acquisition Key Highlights |
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Current Capital |
SAR 900 mln |
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Current Number of Shares |
90 mln |
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Capital Increase Ratio |
8.53% |
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Capital Increase |
SAR 7.68 mln |
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New Capital |
SAR 976.81 mln |
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New Number of Shares |
97.68 mln |
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Swap Swap Ratio |
The acquisition of 14.23 million shares, by issuing a 0.5397 new share in Dallah for every one share owned by the selling shareholder of IMC |
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Dallah’s holding in IMC after share issuance |
27.18% |
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Partners’ Ownership |
7.86% |
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