Al Ahsa Development, a Saudi Arabia-listed company, upped its stake in Al Ahsa Medical Services from 41.25 percent to 50.1 percent, increasing its interest in the company to 75,181 shares.
The developer paid SAR 17 million from its internal resources to finance the deal, according to its statement to Tadawul, Saudi Arabia’s bourse.
Financial impact will be reflected in first quarter results, it added.
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