Logos ofDallah Healthcare Co.andAYYAN Investment Co.
Dallah Healthcare Co. issued today, Feb. 20, the shareholders circular in connection with the increase in its capital for the purpose of the transaction of acquiring the stakes owned by AYYAN Investment Co. in Al-Ahsa Medical Services Co. and Al-Salam Medical Services Co., according to a statement to Tadawul. 
In a separate statement, AYYAN announced issuing the shareholders’ circular, related to selling its holdings in the two companies to Dallah.
For More Mergers and Acquisitions
The circular includes all material details, terms and conditions, and all matters related to the transaction, it added.
Each shareholder must carefully read and consider all information contained in the shareholders circular prior to making their decision on how to vote on the transaction. If in doubt as to the vote that such shareholder should make at the company’s extraordinary general assembly meeting, an independent financial advisor licensed by the Capital Market Authority should be consulted, and the shareholder must rely on their own review of the transaction to ensure the suitability of the transaction and the information contained in the shareholders circular in light of their investment objectives and financial situation, said the two companies.
The two companies also noted that they will duly announce any further material developments about the transaction.
In August 2024, Dallah Healthcare and AYYAN signed a binding acquisition and subscription agreement, under which the former would purchase the latter’s 97.4% and 100% ownership in Al-Ahsa and Al-Salam companies, respectively, data compiled by Argaam showed.
On Feb. 6, Dallah Healthcare announced the two-month extension of the binding acquisition and subscription agreement with AYYAN.
Both companies will hold their general assembly meetings on March 12, 2025, to vote on the acquisition deal. AYYAN’s shareholders will vote on selling all shares owned in Al-Ahsa and Al-Salam, while Dallah’s shareholders will vote on the proposed capital increase from SAR 976.81 million to SAR 1.02 billion through the issuance of 3.89 million ordinary shares to acquire AYYAN’s stakes in Al-Ahsa the two companies.
Logos ofDallah Healthcare Co.andAYYAN Investment Co.
Dallah Healthcare Co. issued today, Feb. 20, the shareholders circular in connection with the increase in its capital for the purpose of the transaction of acquiring the stakes owned by AYYAN Investment Co. in Al-Ahsa Medical Services Co. and Al-Salam Medical Services Co., according to a statement to Tadawul.
In a separate statement, AYYAN announced issuing the shareholders’ circular, related to selling its holdings in the two companies to Dallah.
For More Mergers and Acquisitions
The circular includes all material details, terms and conditions, and all matters related to the transaction, it added.
Each shareholder must carefully read and consider all information contained in the shareholders circular prior to making their decision on how to vote on the transaction. If in doubt as to the vote that such shareholder should make at the company’s extraordinary general assembly meeting, an independent financial advisor licensed by the Capital Market Authority should be consulted, and the shareholder must rely on their own review of the transaction to ensure the suitability of the transaction and the information contained in the shareholders circular in light of their investment objectives and financial situation, said the two companies.
The two companies also noted that they will duly announce any further material developments about the transaction.
In August 2024, Dallah Healthcare and AYYAN signed a binding acquisition and subscription agreement, under which the former would purchase the latter’s 97.4% and 100% ownership in Al-Ahsa and Al-Salam companies, respectively, data compiled by Argaam showed.
On Feb. 6, Dallah Healthcare announced the two-month extension of the binding acquisition and subscription agreement with AYYAN.
Both companies will hold their general assembly meetings on March 12, 2025, to vote on the acquisition deal. AYYAN’s shareholders will vote on selling all shares owned in Al-Ahsa and Al-Salam, while Dallah’s shareholders will vote on the proposed capital increase from SAR 976.81 million to SAR 1.02 billion through the issuance of 3.89 million ordinary shares to acquire AYYAN’s stakes in Al-Ahsa the two companies.
