Al Ahsa Development finalizes 25% stake acquisition in Twareat

18/03/2019 Argaam

 

Al Ahsa Development Co. (ADC) has finalized the 25 percent stake acquisition in Twareat Medical Company for SAR 15 million, the firm said in a statement to Tadawul today.

 

The related financial impact will be hard to anticipate for the time being, but it will be calculated starting from the first quarter of 2019, the company said.

 

ADC signed on Jan. 9 an agreement with Twareat to buy the 25 percent stake, Argaam previously reported.

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