Riyadh – Mubasher: Saudi Arabia-based Al Hammadi Company for Development and Investment has signed a SAR 48 million agreement to acquire a 100% stake of Medical Support Services Company.
The transaction will be self-financed, as well as there are no related parties in the deal, according to Al Hammadi statement on Thursday to the Saudi Stock Exchange (Tadawul).
The deal includes contractual arrangements, necessary statutory, and required regulatory approvals.
Al Hammadi noted that the takeover's financial impact will appear in its financial statement for the first quarter of 2018.
