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Dallah Healthcare inks share swap MoU with KUN Investment

Dallah Healthcare inks share swap MoU with KUN Investment
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DALLAH HEALTH
4004
-1.33% 118.40 -1.60

Riyadh – Mubasher: Dallah Healthcare Company has signed a non-binding memorandum of understanding (MoU) with KUN Investment Holding Company for a share swap.

The agreement includes the sale and purchase of shares accounting for 18.98% of International Medical Center Company through a share swap, according to a recent bourse disclosure.

The shares in International Medical Center Company held by KUN Investment will be swapped in exchange for the issuance of new shares in Dallah through a capital increase.

The MoU will be effective starting from the date of execution until 30 September 2022.