Saudi's MAHARAH subsidiary signs MoU to acquire stake in medical company

Growth Avenue Investment Company signs MoU, which has a duration of six months

  
A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

REUTERS/Ahmed Yosri

Saudi Arabia’s Maharah Human Resources Co (MAHARAH) has announced that its subsidiary Growth Avenue Investment Company has signed an MoU to acquire an 85 percent stake in Alshifa Al Arabia Medical Company.

The company specialises in home healthcare services and operating medical centres, the company said in a statement to Tadawul, the Saudi Stock Exchange.

The MoU has a duration of six months.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

Imogen.lillywhite@refinitiv.com

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