Dallah shareholders to vote on capital hike for AYYAN deal on March 12

19/02/2025 Argaam
Logo ofDallah Healthcare Co.

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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