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Dallah Healthcare has signed a non-binding MoU to fully acquire Ayyan Investments’shares in Al Ahsa Medical and Al Salam Medical Services Company, it said in a disclosure to Tadawul yesterday. Ayyan fully owns Al Salam Medical Services and owns 97.4% of Al Ahsa Medical.
The two parties have agreed on an “initial valuation,” Dallah Healthcare said, and look set to do a share swap if the transaction goes ahead.
It’s been an eventful week for Dallah: The International Medical Center — in which Dallah Healthcare owns a 27.2% stake — signed two agreements worth a combined SAR 21 mn earlier this week to set up a new integrated hospital in North Obhur in Jeddah.
ADVISORS- Dallah Healthcare appointed Al Jazira Capital as its financial advisor for the transaction.
