Miral signs binding MoU to acquire 70% of Saudi Medical Consultants

Logo of Miral Dental Clinics Co.

Miral Dental Clinics Co. signed a non-binding memorandum of understanding (MoU) with Saudi Medical Consultants Co. (a limited liability company). The MOU aims to explore a potential acquisition of 70% of the target company’s capital as part of Miral’s strategy to expand and strengthen its specialized medical services.

In a statement to Tadawul, Miral said the MoU includes provisions for the exchange of confidential information between both parties for evaluation purposes.

For more news and details on M&As

The completion of the potential acquisition remains subject to the signing of a final binding agreement, which will outline the definitive terms and conditions and require all necessary regulatory approvals.

The company emphasized that signing the MoU does not constitute a binding commitment to complete the deal. The MoU will remain valid for six months (180 days) from the signing date, July 28, 2025, and may be extended or renewed for a similar period by mutual agreement.

Miral added that no material financial impact is expected at this stage from signing the MoU. However, any significant financial developments will be disclosed if a final agreement is reached and the deal is completed in accordance with applicable regulations.

There are no related parties to the agreement, the statement added.