Authority approves Muhammad Faqih's deal

The Competition Authority approved the acquisition of Dr. Sulaiman Abdulqader Faqih Hospital by Dr. Mohammed bin Rashed Al Faqih and Partners, with a total value of 1.59 billion Riyals. The aim is to strengthen its presence and expand its healthcare services within the Kingdom of Saudi Arabia. The approval decision was issued on June 11, 2026, as a continuation of the share purchase agreement signed in May 2026, paving the way for the full completion of the transaction and the implementation of the necessary legal and administrative arrangements. This acquisition is expected to increase Faqih's market share and broaden its customer base in new regions.

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