Maharah’s GAC extends MoU to buy Care Shield Holding until Aug. 1

18/07/2022 Argaam

Logo of Maharah Human Resources Co. 

Maharah Human Resources Co. (Maharah) said its fully-owned subsidiary, Growth Avenue Co. (GAC) agreed with El Seif Commercial Investment Co. Ltd. and Saudi Medicare Co. Ltd. to extend the memorandum of understanding (MoU) to acquire their full stakes in Care Shield Holding Co. (Kingdom Hospital & Consulting Clinics) to Aug. 1.

 

The MoU was extended under the same terms and conditions, Maharah said in a statement to Tadawul.

 

Any relevant updates will be announced later, Maharah added.

 

In March, GAC signed a non-binding MoU with El Seif and Saudi Medicare to acquire their full equity of 41.37% in Care Shield, Argaam earlier reported.

 

For More Mergers and Acquisitions

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