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Arabian International Healthcare Holding Co. Announces an update on Completing the purchase for 100% of Mohammed Hamad Abdullah Al-Hamad Medical Services Company dated on 2-7-2024 in the value of 35 Millions Saudi Riyals under a conditional purchase agreement.
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement made by Arabian International Healthcare Holding Company "Tibbiyah” on 11/03/2024 pertaining the purchase of 100% of Mohammed Hamad Abdullah Al-Hamad Medical Services Company under a conditional purchase agreement. Tibbiyah announces completing the purchase of 100% of Mohammed Hamad Abdullah Al-Hamad Medical Services Company. |
| Previous Announcement | Arabian International Healthcare Holding Co. Announces Purchase 100% of Mohammed Hamad Abdullah Al-Hamad Medical Services Company in the value of 35 Millions Saudi Riyals under a conditional purchase agreement |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-03-11 Corresponding to 1445-09-01 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Arabian International Healthcare Holding Company (“TIBBIYAH” or the “Company”) listed on the Saudi Exchange Market "NOMU" under Symbol TIBBIYAH/9530, a leading integrated healthcare solutions provider in Saudi Arabia, has completed the purchase for 100% stake of Mohammed Hamad Abdullah Al-Hamad Medical Services Company for SAR 35 million. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | This transaction will see TIBBIYAH acquire a 100% stake in Mohammed Hamad Abdullah Al-Hamad Medical Services Company through a cash payment for the mentioned acquisition of SAR 35 million |
| Additional Information | All final approvals have been obtained from the competent authorities, all conditions have been met, and the ownership of Mohammed Hamad Abdullah Al-Hamad Medical Services Company has been fully transferred to "Tibbiyah". The acquisition offers a compelling value creation proposition for Tibbiyah and its shareholders, Mohammed Hamad Abdullah Al-Hamad Medical Services Company's operations generate annual revenues up-to SAR 100 million with EBITDA margins around 11.5%. |
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 30.0
Net Change -0.4 (-1.32%)
Value Traded (Sar) 104,666.7
Volume Traded 3,536
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