Maharah Human Resources Co. Announces an update on received the General Authority of Competition’s non-objection statement on completing the process of economic concentration between Growth Avenue Investment Company (“GAG") and Shifa Arabia Medical Company on03-06-1443H corresponding to 06-01-2022 G.
| Element List | Explanation |
|---|---|
| Introduction | Reference to Maharah’s announcement on Tadawul website on 06-06-1443 H corresponding 09-01-2022 AD, regarding received the General Authority of Competition’s non-objection statement on completing the process of economic concentration between Growth Avenue Investment Company (“GAG") and Shifa Arabia Medical Company on 03-06-1443H corresponding to 06-01-2022 G.
Maharah would like to announce the completion of the transaction and the transfer of 85% of Shifa Arabia Medical Company shares to Growth Avenue Investment Company (“GAG") |
| Previous Announcement | received the General Authority of Competition’s non-objection statement on completing the process of economic concentration between Growth Avenue Investment Company (“GAG") and Shifa Arabia Medical Company on03-06-1443H corresponding to 06-01-2022 G. |
| Date of Previous Announcement on Tadawul's Website | 2022-01-09 Corresponding to 1443-06-06 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | Not Applicable |
| Reasons for Exceeding the Announced End Date | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Impact of the Delay on the Company's Financial Results | Not Applicable |
| Additional Information | Maharah would like to announce the completion of the transaction and the transfer of 85% of Shifa Arabia Medical Company shares to Growth Avenue Investment Company (“GAG") |
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