Al Hammadi, Care in early talks on potential merger

02/08/2017 Argaam

Al Hammadi Company for Development and Investment on Wednesday agreed to start non-binding talks with National Medical Care Co. over a potential merger.

 

Al Hammadi will hire a financial advisor to evaluate the planned merger, the company said in a statement to Tadawul.

 

The current talks need not necessarily lead to completion of the merger, the statement added.

 

If approved, the deal will be subject to regulatory approvals as well as the approval of extraordinary general assembly meetings in both companies.  

Comments {{getCommentCount()}}

Be the first to comment

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.