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Dallah Healthcare Company announces the latest developments in regards to the signed Memorandum of Understanding with Dallah Real-Estate
| Element List | Explanation |
|---|---|
| Introduction | With respect to Dallah Healthcare Company's announcement on 13/10/2022. (corresponding to 17/03/1444H) regarding the signing of a non-binding memorandum of understanding ("MoU") with Dallah Real-Estate Company to invest in neighboring lands owned by the two parties and located in Riyadh city-Alnakheel Area the parties intended to boost the value of the lands and achieve higher investment revenues for both parties, where a legal entity will be formed to own the lands. The company announces that it has received the professional integrated study of the project by the appointed consultants, and the two parties are currently evaluating these studies which support Dallah hospitals expansions. Any developments in this project will be announced later. |
| Previous Announcement | Dallah Healthcare Company announces the latest developments in regards to the signed Memorandum of Understanding with Dallah Real-Estate |
| Date of Previous Announcement on Tadawul's Website | 2023-04-13 Corresponding to 1444-09-22 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Impact of the Delay on the Company's Financial Results | N/A |
| Additional Information | The company is highlighting that this project involves related parties, namely: -Mr. Mohidin bin Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) a board member in Dallah Albaraka Holding (main shareholder) (3) a board member in Dallah Healthcare Company -Mr. Abdullah bin Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) Chairman of the board of Dallah Albaraka Holding (main shareholder). -Mis. Hadeel Bint Saleh Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2) board member in Dallah Albaraka Holding (main shareholder). -Mr. Saleh bin Abdullah Kamel for (1) being a board member and partner in Dallah Real-Estate Company (2)a board member in Dallah Albaraka Holding (main shareholder). -Mr. Abdulaziz Bin Mohamed Abdo Yamani for (1) being a senior executive and board member in Dallah Real-Estate Company (2) a board member in Dallah Albaraka Holding (main shareholder). |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 117.0
Net Change -1.6 (-1.35%)
Value Traded (Sar) 10,259,601.8
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