Aldawaa major shareholders transfer 20% stake to Ramlah Holding

Logo of Al-Dawaa Medical Services Co.

Aldawaa Medical Services Co. (DMSCO) received, on Sept.12, a letter from a number of major shareholders stating the transfer of their 17 million shares, 20% of the company’s share capital, to Ramlah Holding Co.

In a statement to Tadawul, Aldawaa pointed out that the major shareholders are namely Mohammed Al-Subaie, Abdullah Al-Subaie, Hessa Al-Subaie and Nouf Al-Subaie.

The shares were deposited in the private investment portfolios of the aforesaid shareholder in their capacity as the current partners of Ramla Holding, according to their current ownership percentages, within a regulatory framework.

The stake transfer will consequently change Aldawaa’s list of major owners, the statement added.

The company recently received the approval of the Capital Market Authority (CMA) to transfer shares of some major shareholders and deposit them into their investment portfolios at Ramlah Holding, within an organizational procedure, Argaam earlier reported.

The changes of major owners (who own 5% or more of the share capital) reflected an increase in Ramlah Holding’s ownership percentage to 20%, while Mohammed Al-Subaie and Abdullah Al-Subaie disappeared from Aldawaa list of major owners.