There is no agreement to buy the shareholders’ share in “Dr. Mohammed bin Rashid Al-Faqih” company

Today, Tuesday, Dallah Health Services announced the end of negotiations with the selling shareholders of Dr. Mohammed bin Rashid Al-Faqih and Partners Company, to buy all their shares in Dr. Mohammed bin Rashid Al-Faqih and Partners Company, without reaching an agreement.

Dallah Health said, in a statement on Saudi Tadawul, that the proposed deal will not be completed at this time.

She added that there is no financial impact resulting from the termination of negotiations.

The Board of Directors of Dallah Health Services Company had agreed to start negotiating with the selling shareholders of Dr. Mohammed bin Rashid Al-Faqih and his partners to buy all their shares in Dr. Mohammed bin Rashid Al-Faqih and his partners, amounting to 34.4 million ordinary shares, which represents 68.79% of the company’s capital. .

Dallah Health stated that it owns 15.6 million ordinary shares, which represents 31.21% of the capital of Dr. Mohammed bin Rashid Al-Faqih and Partners Company.