Major shareholder in Sulaiman Al Habib transfers 17.4M shares to subsidiary

One of Dr. Sulaiman Al Habib Medical Services Group hospitals

Dr. Sulaiman Al Habib Medical Services Group received a letter yesterday, Feb. 27, from major shareholder, Mohammed Abdulaziz Al Habib and Sons Holding Co., stating the intention of an internal restructure, according to a statement to Tadawul.

The restructure will involve transferring 17.43 million shares owned by the shareholder to the investment portfolio of one of his 100%-owned subsidiaries, the statement said.

This will result in a change in the shares held by one of the major direct shareholders in Sulaiman Al Habib on the Tadawul website.

According to Argaam data, Mohammed Abdulaziz Al Habib and Sons Holding Co. owns 33,753% of Dr. Sulaiman Al Habib’s capital, totaling 118.13 million shares.