AYYAN Investment appoints AlJazira Cap as financial advisor to buy stakes in subsidiary

27/12/2020 Argaam

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AYYAN Investment Co. appointed AlJazira Capital as a financial advisor for acquiring stakes held by non-controlling shareholders in its 69.9%-owned subsidiary, Al Ahsa Medical Services Co., the company said in a bourse filing.

 

The firm will complete the relevant procedures when reaching an agreement with the non-controlling shareholders.

 

AYYAN will unveil any developments in due course, the statement said, adding that it is difficult to determine the relevant financial impact except after finalizing the agreement and setting the deal value.

 

According to data compiled by Argaam, the board of directors started talks to acquire stakes held by non-controlling shareholders in Al Ahsa Medical Services Co.

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