Dallah shareholders to vote on capital hike for AYYAN deal on March 12

Logo of Dallah Healthcare Co.

Dallah Healthcare Co. shareholders will meet on March 12 to discuss a proposed capital increase from SAR 976.81 million to SAR 1.02 billion through the issuance of 3.89 million ordinary shares to acquire AYYAN Investment Co.'s stakes in Al-Ahsa Medical Services Co. and Al-Salam Medical Services Co.

In a statement to Tadawul, Dallah said the capital increase will be used to acquire 14.61 million ordinary shares in Al-Ahsa Medical Services, representing 97.41% of its capital, at a par value of SAR 10 per share. The company will also purchase all shares in Al-Salam Medical Services, totaling 20 million ordinary shares, at SAR 10 each.

Capital Increase Details
Pre-Increase Capital	SAR 976.81 mln
Number of shares before increase	97.681 mln
Capital Increase	SAR 38.94 mln
Capital Increase%	3.99%
New Capital	SAR 1.01 bln
New Number of Shares	101.57 mln
Share swap ratio	Based on the 14.61 million shares to be acquired in Al-Ahsa Medical Services, the swap ratio is approximately 0.16 new Dallah share for each Al-Ahsa share. For Al-Salam Medical Services, where 20 million shares will be acquired, the swap ratio is approximately 0.07 new Dallah share for each Al-Salam share.
Ownership Percentage of Shareholders to Whom New Shares will be Issued after the Acquisition (%)	3.83%

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us