Dallah Healthcare receives studies regarding MoU signed with Dallah Real Estate for evaluation by both parties

Dallah Healthcare Company announced on Sunday that it has received the professional integrated study of the project by the appointed consultants in regards to the signed Memorandum of Understanding with Dallah Real-Estate, and the two parties are currently evaluating these studies, which support Dallah hospital expansions.

The company is highlighting that this project involves related parties, namely:

-Mr. Mohidin bin Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) a board member in Dallah Albaraka Holding (main shareholder) (3) a board member in Dallah Healthcare Company.

-Mr. Abdullah bin Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) Chairman of the board of Dallah Albaraka Holding (main shareholder).

-Mis. Hadeel Bint Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) board member in Dallah Albaraka Holding (main shareholder).

-Mr. Saleh bin Abdullah Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2)a board member in Dallah Albaraka Holding (main shareholder).

-Mr. Abdulaziz Bin Mohamed Abdo Yamani for (1) being a senior executive and board member in Dallah Real-Estate Company (2) a board member in Dallah Albaraka Holding (main shareholder).

This comes with respect to Dallah Healthcare Company’s announcement on 13/10/2022 regarding the signing of a non-binding memorandum of understanding (“MoU”) with Dallah Real-Estate Company to invest in neighbouring lands owned by the two parties and located in Riyadh city-Alnakheel Area the parties intended to boost the value of the lands and achieve higher investment revenues for both parties, where a legal entity will be formed to own the lands.