Dallah Healthcare Sells Shares In Dr. Mohammed Bin Rashed Al Fagih Partners For Sar 498 Mln

About this update from Dr. Soliman Abdul Kader Fakeeh Hospital Co.

DALLAH HEALTHCARE COMPANY SJSC TADAWUL:4004:DALLAH HEALTHCARE - SELLS SHARES IN DR. MOHAMMED BIN RASHED AL FAGIH PARTNERS FOR SAR 498 MILLIONDALLAH HEALTHCARE - PURSUANT TO SPA, SOLIMAN FAKEEH CO WILL ACQUIRE 100% OF ISSUED SHARE CAPITAL OF MOHAMMED ALFAGIH CO. FROM ALL CURRENT SHAREHOLDERSDALLAH HEALTHCARE -DEAL FOR AGGREGATE CONSIDERATION OF SAR 1.60 BILLIONDALLAH HEALTHCARE -BUYER WILL FINANCE THE DEAL THROUGH A MIX OF INTERNAL RESOURCES AND FINANCINGDALLAH HEALTHCARE -ALPHA CAPITAL APPOINTED AS JOINT FINANCIAL ADVISOR BY THE SELLING SHAREHOLDERS OF THE TARGETDALLAH HEALTHCARE -KHOSHAIM ASSOCIATES HAS BEEN APPOINTED AS LEGAL ADVISOR FOR DEAL

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