Riyadh – Mubasher: Dallah Healthcare Company has entered into a binding share sale and purchase agreement with Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) at a value of SAR 497.98 million.

Dallah Healthcare will sell its entire shareholding of 31.21% in Dr. Mohammed bin Rashid Al Fagih & Partners Company, according to a bourse disclosure.

The General Authority for Competition passed the transaction, but it still remains subject to a number of other conditions precedent.

Fakeeh Care Group plans to take over Mohammed Bin Rashid Al Fagih & Partners in exchange for SAR 1.59 billion.