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Health Fund sells stake in Dr. Faqih for 498M SAR
Dallah Health Company announced the completion of its sale of its 31.21% stake in Dr. Mohammed bin Rashed Al Faqih & Partners to Faqih Medical Company for approximately 498 million Saudi Riyals. This move is part of a strategy to enhance financial efficiency and growth by reducing borrowings and selling non-core assets. Ownership was transferred and the payment settled, with a reserved amount set aside to cover any potential issues for six months. The company does not anticipate any negative impact on its future profits, as the stake contributed only modestly to earnings. This transaction is considered an important step to strengthen Dallah Health's financial position and facilitate its expansion plans within the healthcare sector.
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