Alnahdi Holding buys 4M shares in Nahdi for SAR 500M

11/09/2024 Argaam
Logo ofNahdi Medical Co.

Logo of Nahdi Medical Co.

Nahdi Medical Co. announced that two of its major shareholders, SEDCO Holding and Alnahdi Holding Co. Ltd., concluded a share sale and purchase agreement on Sept. 10. 

 

Alnahdi Holding purchased four million shares of Nahdi from SEDCO’s wholly-owned subsidiary Second Development Investment Co., according to a Tadawul statement today, Sept. 11.

 

The deal, valued at SAR 500 million, represented approximately 3.08% of Nahdi’s capital.

 

For More Mergers and Acquisitions

 

According to Argaam data, Alnahdi Holding owned about 35% of Nahdi before the deal, while SEDCO owned nearly 25%.

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