Al-Dalah Healthcare Sell Stake for 498M Riyals
Dallah Healthcare Company announced the completion of its sale of its 31.21% stake in Dr. Mohammed bin Rashed Al Faqih & Partners for a total cash amount of approximately 498 million SAR. This deal is part of the company's strategy to enhance its financial efficiency and expand its investment portfolio, with anticipated capital gains and cost savings on future financing by reducing existing credit facilities. Ownership has been transferred and the payment made, with a reserved amount set aside to cover any potential issues within six months, after all necessary conditions and regulations were fulfilled. Dallah Healthcare plays a significant role in providing high-quality healthcare services and is among the largest healthcare service providers in the Kingdom.
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