Saudi Mouwasat to acquire 51% of Jeddah Doctors for $27m

Follow-ups -eshrag News:

Thu, 2022-06-30 09:38

RIYADH: Saudi healthcare provider Mouwasat Medical Services Co. has signed a final agreement to acquire 51 percent of Jeddah Doctors Co. in a deal worth SR102 million ($27 million).

The deal is expected to close during the third quarter of 2022, according to a bourse filing.

Jeddah Doctors Co. is a Saudi closed joint stock company that owns a hospital presently under construction in Jeddah called Jeddah Doctors Hospital.

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