Dallah Healthcare Company has signed a non-binding memorandum of understanding with Ayyan Investment Company to acquire Ayyan’s shares in Al-Ahsa Medical Services Company (97.41%) and Al-Salam Medical Services Company (100%).
The net market value of Al-Ahsa’s equity has been set at SAR 420 million, with Dallah acquiring its stake for SAR 409.1 million. The value of Al-Salam’s equity stands at SAR 250.88 million.
The transaction will involve issuing 3.89 million Dallah shares to Ayyan, valued at SAR 660 million, using a valuation of SAR 169.51 per share.
Post-transaction, Dallah shareholders will see a slight decrease in ownership to 96.17%, which may affect their voting power. Further details, including risks, will be disclosed in a shareholder circular after the Capital Market Authority’s approval.
