Kingdom Holding extends MoU with Dallah Healthcare for Care Shield deal

03/05/2020 Argaam

 

Kingdom Holding Co.’s subsidiary, Kingdom Investment and Development Co., extended the memorandum of understanding (MoU) with Dallah Healthcare Co. regarding the sale and purchase of shares in Care Shield Holding Co. through share swap and cash consideration, for 15 days until May 14, 2020.

 

The MoU was extended with the mutual consent of both parties and with the same terms and conditions, the company said in a bourse statement.

 

On Jan. 1, 2020, Kingdom Holding announced extension of MoU to sell its shares in Care Shield Holding Co. to Dallah Healthcare Co. for 121 days until April 30, 2020, Argaam reported.

 

Kingdom Investment and Development Company, which owns shares in Care Shield Holding Company, was proposing to sell its stake against shares in Dallah Healthcare and cash.

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