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صحيفة مكة
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Health fund sells stake for 498M riyals
Dallah Healthcare has completed the sale of its 31.21% stake in Dr. Mohamed bin Rashed Al Faqih & Partners to Faqih Medical Company for approximately 498 million Saudi riyals. This sale forms part of the company's strategy to enhance financial efficiency and support its expansion plans through establishing new hospitals or acquiring assets directly owned, with a focus on reducing financing costs and improving leverage. A cash amount of about 467 million riyals has been received, with a reserve of 100 million riyals set aside to cover any potential risks or disputes, after all regulatory conditions, including approval from the Competition Authority, were met. Dallah Healthcare is one of the largest healthcare providers in Saudi Arabia, with more than 3.8 million visits annually.
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