Saudi Arabia’s Dallah Healthcare has signed a binding share purchase and subscription agreement with Ayyan Investment Co. to acquire stakes in two healthcare firms for approximately $176 million. This acquisition involves Al Ahsa Medical Services Co. and Al Salam Medical Services Co., with Dallah acquiring 97.41% and 100% shareholdings, respectively. The net market value of Al Ahsa’s equity was agreed at SAR 420 million, resulting in a share acquisition valuation of approximately SAR 409 million. Al Salam’s net market value was estimated at SAR 250.88 million. Dallah will finance this acquisition through a capital increase by issuing new shares, leading to a 3.99% increase in its capital to SAR 38.93 million, thereby reducing the existing shareholders’ ownership to 96.17%. These acquisitions are part of Dallah’s strategic plan to expand its reach and enhance the quality of its medical services across the kingdom.
Healthcare, Private Equity,Saudi Arabia
https://www.zawya.com/markets/equities/saudi-dallah-healthcare-to-acquire-stakes-in-healthcare-firms-for-176mln-xai533gl