‎Saudi German Health board OKs sukuk repurchase

‎Saudi German Health board OKs sukuk repurchase ‎Saudi German Health board OKs sukuk repurchase

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One of Saudi German Health’s hospitals

Middle East Healthcare Co.’s (Saudi German Health) board, in its meeting held on March 2, approved the gradual or partial repurchase of the sukuk previously issued by the company, in line with the approved financial policies, to strengthen the company’s financial position, according to a statement to Tadawul.

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The board authorized the finance department to coordinate with relevant parties as well as investors to establish a repurchase mechanism, aligning with the applicable laws and regulations.

 

One of Saudi German Health’s hospitals

Middle East Healthcare Co.’s (Saudi German Health) board, in its meeting held on March 2, approved the gradual or partial repurchase of the sukuk previously issued by the company, in line with the approved financial policies, to strengthen the company’s financial position, according to a statement to Tadawul.

For more news on listed companies

The board authorized the finance department to coordinate with relevant parties as well as investors to establish a repurchase mechanism, aligning with the applicable laws and regulations.

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