Logo of Dallah Healthcare Services Co.

The General Authority for Competition (GAC) issued today, Aug. 7, a non-objection certificate for the economic concentration of Dallah Healthcare Services Co. and International Medical Center (IMC).

 

Dallah will acquire Kun Investment Holding Co.’s entire stake of 18.98% stake in IMC.

 

Last June, Dallah signed Dallah Healthcare Co. (DHC) signed a share-swap agreement with Kun Investment to acquire its entire stake of 18.98%, or 14.23 million shares, in IMC, Argaam earlier reported.

 

Acquisition Key Highlights

Current Capital

SAR 900 mln

Current Number of Shares

90 mln

Capital Increase Ratio

8.53%

Capital Increase

SAR 7.68 mln 

New Capital

SAR 976.81 mln

New Number of Shares  

97.68 mln

Swap Swap Ratio

The acquisition of 14.23 million shares, by issuing a 0.5397 new share in Dallah for every one share owned by the selling shareholder of IMC

Dallah’s holding in IMC after share issuance

27.18%

Partners’ Ownership  

7.86%

For More Mergers and Acquisitions

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Dallah signs share-swap deal to acquire Kun Investment’s stake in IMC

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