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.