BRIEF-Fakeeh Care Completes Transfer Of Entire Share Of Dr. Mohammed Bin Rashid Al Fagih & Partners

FAKEEH CARE

FAKEEH CARE

4017.SA

0.00

July 21 (Reuters) - DR SOLIMAN ABDEL KADER FAKEEH HOSPITAL COMPANY SCJSC 4017.SE:

  • FAKEEH CARE - COMPLETES TRANSFER OF ENTIRE SHARE OF DR. MOHAMMED BIN RASHID AL FAGIH & PARTNERS IN EXCHANGE FOR TOTAL CONSIDERATION OF SAR 1.60 BILLION PAID IN CASH

  • FAKEEH CARE - CONSIDERATION INCLUDES AN AMOUNT OF SAR 100 MILLION PLACED IN AN ESCROW ACCOUNT FOR SPECIFIED PERIOD TO COVER ANY POTENTIAL LIABILITIES

  • TRANSACTION RESULTED IN THE COMPANY OWNING 100% OF THE SHARE CAPITAL OF DR. MOHAMMED BIN RASHID AL FAGIH & PARTNERS

Source text: ID:nSSE8VvZvT

Further company coverage: 4017.SE


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