Dallah Healthcare receives go-ahead to buy stake in Makkah Medical

Dallah Healthcare will disclose any material details in due course

  
Investors and speculators monitor stock prices on a screen at the FALCOM investment bank in Riyadh June 7, 2015.

Investors and speculators monitor stock prices on a screen at the FALCOM investment bank in Riyadh June 7, 2015.

REUTERS/Faisal AlNasser

Riyadh – Mubasher: Dallah Healthcare Company (DHC) announced receiving a no-objection letter from the General Authority for Competition to complete the economic concentration transaction and acquire 78.59% of Makkah Medical Center Company’s capital.

The agreement is, however, still subject to a number of conditions, including obtaining approvals from relevant government bodies, according to a statement to the Saudi bourse on Thursday.

On 30 June 2020, Dallah Healthcare inked a definitive agreement to acquire 2.389 million shares in Makkah Medical Center for SAR 161.1 million.

Any material details in this respect will be disclosed in due course, the healthcare provider said.

Source: Mubasher

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