Dallah shareholders approve capital hike to acquire AYYAN’s stakes in Al-Ahsa, Al-Salam

Dallah Healthcare Co.’s shareholders approved on March 12 increasing capital from SAR 976.81 million to SAR 1.02 billion by issuing 3.89 million ordinary shares.

The capital increase is part of Dallah’s plan to acquire AYYAN Investment Co.'s stakes in Al-Ahsa Medical Services Co. (97.41%) and Al-Salam Medical Services Co. (100%).

In a statement to Tadawul, Dallah said the capital increase will be used to acquire 14.61 million ordinary shares in Al-Ahsa, representing 97.41% of its capital, at a par value of SAR 10 per share. The company will also purchase all shares in Al-Salam, totaling 20 million ordinary shares, at SAR 10 each.