Riyadh – Mubasher: Dallah Healthcare Company (DHC) has signed a final purchase agreement on 29 June with Makkah Medical Center Company to buy 78.59% of its capital or 2.389 million shares for SAR 161.1 million.

Dallah’s new ownership in Makkah Medical stands at 86.1%, according to a bourse statement on Tuesday.

The transaction will be financed from the company’s cash resources beside an additional fund from local financing institutions.

Moreover, the new investment is likely to raise Dallah’s market share, reflect positively on its financial statements for the upcoming years, and support the company’s revenues, allowing it to tap into new areas across the kingdom.

The transaction will be subject to shareholders and regulatory approvals, the statement concluded.