Al Ahsa Development discloses Al Salam share swap acquisition details

23/12/2019 Argaam

Al Ahsa Development Co. said that following the capital hike approval, the company will issue 1 new share for every 0.809 share of Al Salam Medical Services Co. in a share swap deal to acquire Al Salam.

 

As a result, Al Ahsa’s number of shares will increase from 49 million to 73.73 million, the company said in a bourse statement.

 

Al Ahsa Development Co.’s shareholders will vote on a 34% capital hike to SAR 737.32 million from SAR 490 million to fully acquire Al Salam Medical for under a share swap deal, according to data compiled by Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.