Saudi Dallah Healthcare acquires 10% stake in Meras

The deal is valued at $3.25mln


Riyadh –   Dallah Healthcare Company has signed a purchase agreement for a 10% stake in Meras Arabia Medical Holding Company.

The deal is valued at SAR 12.2 million, according to a company statement to the Saudi Stock Exchange (Tadawul).

Dallah currently owns 18.9% of Meras, which is specialized in dental and aesthetic medicine.

This is part of Dallah Healthcare’s plan to gradually acquire a total stake reaching 70% of Meras through an irrevocable option to buy the rest of the fund that owns 44.3% stake in the company after its maturity, as well as a two-year call option to acquire additional 16% stake directly from owners.

Meras Arabia Medical Holding Company is a group of 13 medical centres across Riyadh. The centres are offering cosmetic dermatology and dental care services and other general healthcare services.

Meras achieved around 17.5% growth in revenues from SAR 57 million in 2017 to SAR 67 million in 2018, while net profits increased by around 22% for the same period from SAR 11.5 million to SAR 14 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities