Dallah draws closer to Al Ahsa, Al Salam acquisitions: Dallah Healthcare’s shareholders approved a 3.9 mn shares capital hike to finance the acquisition of Al Ahsa Medical Services and Al Salam Medical Services from Ayyan Investment, whose shareholders also greenlit the move, according to separate statements from Dallah and Ayyan.

REFRESHER- Dallah Healthcare inked a binding share purchase and subscription agreement with Ayyan Investment for the acquisition in August 2024. The transaction will see Dallah acquire Ayyan’s 97.4% stake in Al Ahsa for SAR 409 mn and its 100% stake in Al Salam for SAR 251 mn through a capital increase by issuing new shares in Dallah to Ayyan.

Earnings snapshots: Al Ahsa’s net income declined 71.39% y-oy to SAR 1.46 mn in 2024. Meanwhile, Al Salam’s net losses shrank to SAR 160.58 mn last year from SAR 218.71 mn, according to Ayyan’s latest financial statement (pdf).

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