Al Ahsa Development’s stake in medical services subsidiary remains unchanged

11/09/2017 Argaam

Al Ahsa Development Co. said that it has completed talks over buying a partner’s stake in Al-Ahsa Medical Services Co., which is 53.61 percent-owned by Al Ahsa.

 

Al Ahsa’s stake will remain unchanged as another partner has acquired the stake offered for sale according to the previously agreed upon conditions, the company said in a statement to Tadawul.

 

The firm’s board of directors in May approved starting talks to buy the stake in Al-Ahsa Medical Services Co. At the time, the company said that the highest bidder would be given priority. 

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