Logo of Dallah Healthcare Co.
Dallah Healthcare Co. shareholders will meet on March 12 to discuss a proposed capital increase from SAR 976.81 million to SAR 1.02 billion through the issuance of 3.89 million ordinary shares to acquire AYYAN Investment Co.'s stakes in Al-Ahsa Medical Services Co. and Al-Salam Medical Services Co.
In a statement to Tadawul, Dallah said the capital increase will be used to acquire 14.61 million ordinary shares in Al-Ahsa Medical Services, representing 97.41% of its capital, at a par value of SAR 10 per share. The company will also purchase all shares in Al-Salam Medical Services, totaling 20 million ordinary shares, at SAR 10 each.
Capital Increase Details |
|
Pre-Increase Capital |
SAR 976.81 mln |
Number of shares before increase |
97.681 mln |
Capital Increase |
SAR 38.94 mln |
Capital Increase% |
3.99% |
New Capital |
SAR 1.01 bln |
New Number of Shares |
101.57 mln |
Share swap ratio |
Based on the 14.61 million shares to be acquired in Al-Ahsa Medical Services, the swap ratio is approximately 0.16 new Dallah share for each Al-Ahsa share.
For Al-Salam Medical Services, where 20 million shares will be acquired, the swap ratio is approximately 0.07 new Dallah share for each Al-Salam share. |
Ownership Percentage of Shareholders to Whom New Shares will be Issued after the Acquisition (%) |
3.83% |
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