Increase the “Dallah Health” capital to acquire the shares of “Ayan” in two companies

Dellah Health Services Company has announced the latest developments to conclude a acquisition and subscriber agreement with Ayan Investment Company to acquire the shares of Ayan in Al -Ahsa Medical Services Company and Al Salam Medical Services Company by increasing the capital of Dallah by issuing new shares for Ayan Investment Company.
The company announced on the Tadawul Saudi Arabia website, the conclusion of an acquisition and subscribed agreement with Ayan Investment Company to acquire the shares of Ayan in Al -Ahsa Medical Services Company (97.41%) of the capital of Al -Ahsa Company, and the acquisition of the shares of Ayan in Al -Salam Medical Services Company ( 100%) from the capital of Al Salam Company.
On September 22, the company announced that it had obtained the failure of the Public Authority to compete for the completion of the economic concentration process resulting from the acquisition.
Yesterday, the Capital Market Authority agreed to the request of the Dallah Company for Health Services to agree to increase its capital from (976,811,660) riyals to (1,015,747,690) riyals by issuing (3,893,603) ordinary shares; For the purpose of acquiring 97.41% of the capital of Al -Ahsa Medical Services Company and all shares in Al Salam Medical Services Company, owned by Ayan Investment Company.
The Capital Market Authority noted the publication of the shareholders ’circular to increase the capital of the Dallah Health Services Company before a sufficient time from the date of the unusual general assembly of the company, while the circular of shareholders must contain information and data that the company’s shareholders need to view, especially information related to the increase in capital And risk factors, before making their decision to vote on the decision to increase the capital for the aforementioned purpose.
The authority said: The decision to vote without seeing the generalization of the shareholders and studying its content may involve high risks. Therefore, the shareholder must see the generalization of the shareholders and study carefully to reach the appropriate decision when voting, and if it is not possible to understand the contents of the shareholders’ generalization, it is preferable to consult a licensed financial advisor.
According to the commission, the authority’s approval should not be seen as a ratification of the feasibility of the acquisition process, especially since the authority’s decision to agree is that the regular requirements have been adhered to according to the financial market system and its executive regulations.
Dallah Health Company indicated that it was agreed between the parties in conjunction with the extension of the agreement of the agreement for an additional two months so that the two parties can complete the procedures related to the acquisition deal.
Dallah stated that the acquisition deal is still subject to a number of other conditions, including obtaining the approval of the shareholders of Dallah and the shareholders of Ayan, and other conditions mentioned in the announcement of the conclusion of the agreement.
She noted the announcement of any fundamental developments regarding the deal at the time.