Al Ahsa set to buy out Al Salam Medical Group

20/12/2018 Argaam

 

Al Ahsa Development Co. has inked a non-binding memorandum of understanding (MoU) to buy out Al Salam Medical Group in a share swap deal, the company said in a bourse filing.

 

The MoU will last for 90 days, the statement added.

 

Al Ahsa appointed Falcom Financial Services to advise on the deal.

 

Both companies will carry out a due-diligence to determine the acquired entity’s fair value.

 

Al Salam Medical Group is building a new hospital in Khobar with a capacity of 495 beds, and is expected to begin commercial operations in H2 2019.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.