Fakeeh Care secures controlling stake to fold Diagnostics Elite into its platform
Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) acquired a 50.01% stake in Diagnostics Elite Co., a Saudi-based teleradiology and imaging services company, for SAR 70 million, according to a statement to Tadawul. 
Fakeeh Care will purchase from Soliman Abdel Kader Fakeeh Real Estate Co. Ltd.—0.01%-owned by Fakeeh Care Group—30,506 shares of Diagnostics Elite, representing 50.01% of the company’s issued share capital, without profit to the seller.
The remaining 49.99% shares will be held by the existing founding shareholders of the company.
The transaction aims to integrate Diagnostics Elite’s services into the group’s healthcare platform.
Fakeeh Care secures controlling stake to fold Diagnostics Elite into its platform
Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) acquired a 50.01% stake in Diagnostics Elite Co., a Saudi-based teleradiology and imaging services company, for SAR 70 million, according to a statement to Tadawul.
Fakeeh Care will purchase from Soliman Abdel Kader Fakeeh Real Estate Co. Ltd.—0.01%-owned by Fakeeh Care Group—30,506 shares of Diagnostics Elite, representing 50.01% of the company’s issued share capital, without profit to the seller.
The remaining 49.99% shares will be held by the existing founding shareholders of the company.
The transaction aims to integrate Diagnostics Elite’s services into the group’s healthcare platform.
