Maharah Human Resources Company announces the latest developments regarding the entry by its subsidiary, Growth Avenue Investment Company, into a non-binding Memorandum of Understanding with Dallah Healthcare Company for the purpose of selling its entire stake in Care Shield Holding Company (Kingdom Hospital and Consulting Clinics).
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement by Maharah Human Resources Company (“Maharah”) dated 04/05/1447H (corresponding to 26/10/2025G) regarding the signing by its wholly owned subsidiary, Growth Avenue Investment Company – Single Shareholder Company (“Growth Avenue”), of a non-binding Memorandum of Understanding (“MoU”) with Dallah Healthcare Company (a listed joint stock company) (“Dallah Healthcare”) to study a potential transaction involving the sale of all the shares owned by Growth Avenue in Care Shield Holding Company (Kingdom Hospital and Consulting Clinics) to Dallah Healthcare, representing 41.36% of the share capital of Care Shield Holding Company (the “Target Shares”).
The completion of this transaction would result in Growth Avenue selling its entire shareholding in Care Shield Holding Company to Dallah Healthcare. (the “Potential Transaction”). Announcement of Maharah Human Resources Company regarding the agreement between its subsidiary, Growth Avenue Investment Company, and Dallah Healthcare Company to extend the MoU until 01/07/1447H (corresponding to 21/12/2025G). |
| Previous Announcement | Announcement of Maharah Human Resources Company regarding the signing by its subsidiary, Growth Avenue Investment Company, of a non-binding Memorandum of Understanding with Dallah Healthcare Company for the purpose of selling its entire stake in Care Shield Holding Company (Kingdom Hospital and Consulting Clinics). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-26 Corresponding to 1447-05-04 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the MoU on the same terms and conditions until 01 Rajab 1447H (corresponding to 21 December 2025G). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
Comments