‎Tibbiyah inks conditional SPA to acquire 49% stake in NephroCare Health

‎Tibbiyah inks conditional SPA to acquire 49% stake in NephroCare Health ‎Tibbiyah inks conditional SPA to acquire 49% stake in NephroCare Health

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Logo ofArabian International Healthcare Holding Co. (Tibbiyah)

Arabian International Healthcare Holding Co.’s (Tibbiyah) signed, on Nov. 20, a conditional share purchase agreement (SPA) to acquire 49% of NephroCare Health Services Saudi Arabia Co., where such company will constitute the partnership between Tibbiyah and NephroPlus in the field of renal care.

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Accordingly, the joint venture will not incorporate a new company as previously planned and announced.

In a statement to Tadawul, the company said the transaction amount stands at SAR 279,829, noting that the agreement was signed with NephroCare Health Services International Pte Ltd – Singapore, while the guarantor is NephroCare Health Services Limited – India.

 

Logo ofArabian International Healthcare Holding Co. (Tibbiyah)

Arabian International Healthcare Holding Co.’s (Tibbiyah) signed, on Nov. 20, a conditional share purchase agreement (SPA) to acquire 49% of NephroCare Health Services Saudi Arabia Co., where such company will constitute the partnership between Tibbiyah and NephroPlus in the field of renal care.

Accordingly, the joint venture will not incorporate a new company as previously planned and announced.

In a statement to Tadawul, the company said the transaction amount stands at SAR 279,829, noting that the agreement was signed with NephroCare Health Services International Pte Ltd – Singapore, while the guarantor is NephroCare Health Services Limited – India.

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