Maharah’s GAC signs deal to buy full stake of El Seif, Saudi Medicare in Care Shield

02/08/2022 Argaam
Logo of Maharah Human Resources Co.

Logo of Maharah Human Resources Co.

Maharah Human Resources Co. (Maharah) said its fully-owned subsidiary, Growth Avenue Co. (GAC), signed a sale and purchase agreement (SPA) to fully acquire the 41.36% stake held by El Seif Commercial Investment Co. Ltd. and Saudi Medicare Co. Ltd. in Care Shield Holding Co. (Kingdom Hospital & Consulting Clinics).

 

The SPA sets some preconditions to the deal closure, including obtaining a non-objection certificate from the General Authority for Competition and fulfilling other necessary approvals, Maharah said in a statement to Tadawul.

 

On March 10, GAC signed a non-binding memorandum of understanding (MoU) with El Seif and Saudi Medicare to acquire their full equity in Care Shield Holding, Argaam reported.

 

The MoU was extended in July until Aug. 1.

 

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.