Maharah subsidiary signs agreement to acquire 85% stake in Arabian Shifa

07/12/2021 Argaam

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s wholly-owned subsidiary, Growth Avenue Co. signed, on Dec. 6, a sale-purchase agreement to acquire an 85% stake in Arabian Shifa Medical Co., specialized in home healthcare services and operation of medical centers.

 

The closure of the transaction and transfer of shares is subject to approvals of the relevant authorities, including the General Authority for Competition (GAC), Maharah said in a statement to Tadawul.

 

Any future developments will be announced in due course, it noted.

 

In September, Maharah said it signed a memorandum of understanding (MoU) to acquire 85% stake in Arabian Shifa Medical Co., Argaam reported.

 

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