Dallah Health ups stake in IMC by $190m in bid to expand its footprint in Jeddah

RIYADH: Dallah Healthcare Co. is set to increase its ownership in International Medical Center Co. to 27.2 percent by acquiring an additional SR712 million ($190 million) stake in a bid to expand its footprint in Jeddah.

It signed a deal with Kun Investment Holding Co., which held nearly 19 percent of IMC’s capital, to fully transfer its stake to Dallah Health, a bourse filing showed.