Alnahdi Holding buys 4M shares in Nahdi for SAR 500M

11/09/2024 Argaam
Logo ofNahdi Medical Co.

Logo of Nahdi Medical Co.

Nahdi Medical Co. announced in a statement on Tadawul that its two major shareholders, SEDCO Holding and Alnahdi Holding Company Ltd. concluded a share sale and purchase agreement on Sept. 10.

 

Alnahdi Holding purchased four million shares of Nahdi from SEDCO’s Second Development Investment Co.

 

The deal represented approximately 3.08% of Nahdi’s capital, with a total deal value of SAR 500 million.

 

For More Mergers and Acquisitions

 

According to Argaam data, Alnahdi Holding owned about 35% of Nahdi before the deal, while SEDCO owned nearly 25%.

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