Dallah Health signed agreement yesterday to acquire the full shares of Bagedo & Dr. Erfan General Hospital Company for SAR 750 million on a 100 percent equity basis, a filing to Tadawul said.

The company said it will issue 7,471,980 new shares to the sellers of stakes in Dallah Health, plus a cash consideration of SAR 150 million, 20 percent of total price.

Dallah said the cash will be paid from its internal cash flow.

The capital increase raises the number of Dallah Health’s issued shares from 47,200,000 to 54,671,980 -- with a total market value of SAR 5.883 billion.

After completion of the deal, the combined shareholding of the sellers in Dallah Health will be 13.67 percent and Dallah Health's shareholding in the target hospital will be 100 percent, the filing said.

Deal Details

The value of acquired company

SAR 750 million

Consideration (mode of payment)

A cash payment of SAR 150 million

Issue of new 7.47 million shares

Average price of Dallah’s share till March 25, 2014

SAR 80.30 per share

The stake of new shares in Dallah’s capital

15.83% before the capital increase

13.67 after the capital increase

Dallah’s estimated market value

SAR 5.883 billion

Dallah’s current capital

SAR 472 million

Number of outstanding shares

47.2 million shares

Capital after the increase

546.7 million shares

Number of shares after the increase

54.7 million shares

Dallah’s ownership percentage in target firm (after completion of deal)

100%

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request