Dr. Soliman Abdel Kader Fakeeh Hospital Co. Announces the Execution of Memorandum of Understanding with Dr. Mohammad Bin Rashed Al Fagih & Partners Company shareholders Acquiring Non-binding offer for an acquisition by Fakeeh Care Group of a majority stake in Dr.Mohammad Bin Rashed Al Fagih & Partners Company in Riyadh.
| Element List | Explanation |
|---|---|
| Introduction | Further to Dr. Soliman Abdulkader Fakeeh Hospital Company ("DSFH") and its subsidiaries ("Fakeeh Care Group", "Group", "Fakeeh Care") previous announcement published on Tadawul website on 26 October 2025 for the commencement of negotiations with the potential sellers in Dr. Mohammed bin Rashed Al-Faqih & Partners Company (the “Selling Shareholders”) regarding a potential acquisition of a majority stake in Dr. Mohammed bin Rashed Al-Faqih & Partners Company (the “Proposed Transaction”); we are pleased to announce the signing of a non-binding offer (NBO) with potential sellers in Dr. Mohammed bin Rashed Al-Faqih & Partners Company (“the Selling Shareholders”) to a acquire at least 75% of Dr.Mohammad Bin Rashed Al Fagih & Partners Company (“the Proposed Transaction”).
The parties have agreed on an initial valuation. The final value of the proposed transaction will be determined after completing the necessary studies and the due diligence process. |
| Date of signing the Memorandum of Understanding | 2025-11-10 Corresponding to 1447-05-19 |
| Memorandum Duration | The NBO shall be effective from the date it is executed between the parties and shall remain valid for(180) days unless otherwise agreed in writing between the parties. |
| Name of the Counterparty | Dr. Mohammad Bin Rashed Al Fagih & Partners Company shareholders |
| Name of Financial Advisor of Each Party | The Company has appointed PricewaterhouseCoopers Advisory Limited as a financial advisor in respect of the Proposed Transaction. |
| Major Terms in the Memorandum | Fakeeh Care, to acquire at least 75% of the issued share capital of the Target for consideration payable in cash. The final amount of consideration will be agreed at a later stage. |
| Related Parties | There are no related parties to this transaction. |
| Actions to be Taken by the Company during the Memorandum’s Duration | The Proposed Transaction is subject to satisfactory completion of operational, financial, tax and legal due diligence. |
| Approvals | The Proposed Transaction is subject to obtaining the necessary/regulatory approvals to complete the transaction. |
| Additional Information | - This announcement does not mean that the Proposed Transaction will be agreed between the Parties.
- This offer is non-binding and for discussion purposes only. It does not constitute a definitive offer and does not create any legal or financial obligations on either party until the signing of the final Share Purchase Agreement.
- Any developments regarding the Proposed Transaction will be announced in due course |
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