Dallah Healthcare increases capital to SR976.8 mln for acquisition of 18.98% of International Medical Centre

The Board of Directors of Dallah Healthcare Company (the “Company”) announced on Wednesday the results of the Extraordinary General Assembly Meeting (the first meeting), which includes the increase of the share capital of the Company which was held on Tuesday 27 December 2022 in person and by means of modern technology. The percentage of attending shareholders is 85.11%.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

Approved the Board of Director’s recommendation to increase the Company’s capital as follows:

a) The Company’s share capital will be increased from nine hundred million (SR900,000,000) to nine hundred seventy-six million eight hundred eleven thousand six hundred sixty (SR976,811,660) by issuing Seven million six hundred eighty-one thousand one hundred sixty-six (7,681,166) new ordinary shares with a nominal value of seventy-six million eight hundred eleven thousand six hundred sixty (SR76,811,660) in favour of Kun Investment Holding Company in exchange for the transfer of fourteen million two hundred thirty-two thousand six hundred ninety (14,232,690) ordinary shares in International Medical Centre Company from Kun Investment Holding Company, in accordance with the terms and conditions of the Share Sale and Purchase Agreement entered into between the Company and Kun Investment Holding Company on 22/06/2022, and the Company seeks to increase its capital for the purpose of acquiring 18.98% of the share capital of International Medical Centre Company (the “Acquisition”).

b) Amending Article 7 of the Company’s Bylaws related to the capital.

c) Authorizing the Board of Directors or any person authorized by the Board of Directors to issue any decision or take any action that may be necessary to implement any of the aforementioned decisions related to this acquisition.

d) The effective date for the capital increase will occur following the completion of the transfer of ownership of shares in International Medical Centre Company from Kun Investment Holding Company in favour of the Company.