Riyadh-based Dallah Healthcare Co has acquired an 8.2 percent stake in International Medical Co. in line with plans to expand cross the kingdom, Zawya reports.
The acquisition, published on the kingdom’s stock market Tadawul, cost Dallah Healthcare SAR 289 million ($77 million).
The operation is the first move of the company to get on the long run 25 of the Jeddah-based health firm. International Medical Co offers a 300-bed hospital and clinics, serving the Eastern region of the kingdom.
International Medical Co posted a revenue of SAR 1.2 billion annually for the last three years, Zawya notes.
Riyadh-based Dallah Healthcare Co acquires 8.2 per cent of International Medical Co.
