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Thndr Claps » Saudi Claps » Health & Pharma 💉 » Dallah Healthcare acquires larger stake in IMC 🏥

Dallah Healthcare acquires larger stake in IMC 🏥

by Omar El Shorafa
January 16, 2023

The Clap
Dallah Healthcare has acquired Kun Investment Holding’s stake in the International Medical Center (IMC).

What
The acquisition will see Dallah Healthcare’s stake in IMC increase to 27.18%.

Part of the acquisitions’ conditions was the resignation of Mohamed Hefni, CEO of IMC.

So What
Last month, Dallah Healthcare’s shareholders approved increasing the company’s capital to SAR 976.81mn, which saw 7.68 million new shares issued in favor of Kun Investments for the acquisition of their stake in IMC.

Now What
The capital increase was finalized today.

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