Dhila and Fakih Medical finalize acquisition
Dallah Healthcare Services Company and Dr. Sulaiman Abdul Qadir Faqih Hospital Company have completed the sale of Dr. Muhammad Faqih's entire stake in Faqih Medical Company, with a total value of approximately 498 million riyals. The deal included the transfer of ownership of 31.21% of the target company and a cash payment, along with the holding of 100 million riyals in a escrow account for six months or until any potential disputes are resolved. This transaction is considered a significant step in restructuring the group's investments, as it will lead to the full integration of the acquired company into Faqih Healthcare Network and expand its presence in Riyadh. The move is expected to generate operational savings and revenue growth in the medium term, despite an increase in overall debt resulting from the financing.
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