Riyadh – Mubasher: The National Medical Care Company on Sunday revealed that Hassana Investment Company, a subsidiary of the General Organization for Social Insurance (GOSI), is planning to sell its stake in the company to NMC Saudi Arabia Healthcare.

The agreement between Hassana Investment and NMC Saudi Arabia Healthcare involves a share swap, whereby Hassana’s stake in National Medical Care will be sold to NMC Saudi Arabia Healthcare at a value of SAR 70 per share.

If the deal moves forward, GOSI will become an indirect investor in National Medical Care Company, the firm said in a filing to the Saudi Stock Exchange (Tadawul).

“According to the information available to the National Medical Care Company, it does not believe that this private transaction will affect its strategy, daily business or its employees,” the Saudi-listed healthcare firm added.

NMC Saudi Arabia Healthcare is owned by NMC Health PLC.

National Medical Care’s stock last closed Thursday in the green, having added 2.57% to close at SAR 55.80.