GAC clears Fakeeh’s acquisition of Al Fagih hospital

Fakeeh Care cleared the antitrust hurdle on its full acquisition of Al Fagih, receiving a non-objection from the General Authority for Competition for the allcash SAR 1.6 bn transaction, according to a Tadawul disclosure. The acquisition adds a 350-bed hospital in central-east Riyadh to Fakeeh Care’s portfolio, pushing total capacity to 535 beds across a two-site cluster — the kind of footprint that’s hard to build organically in Riyadh’s increasingly crowded private-hospital market.

REMEMBER- Fakeeh Care had signed a binding share purchase agreement to fully acquire Al Fagih, absorbing stakes from Dallah Healthcare (31.21%), founder Mohammed Rashid Al Fagih (18.2%), and minority shareholders (50.6%).

Part of a wider Saudi healthcare reshuffle: Dallah has been on its own M&A run for years with Kingdom Hospital, Makkah Medical Center, Al Salam, and most recently Al Ahsa — while National Medical Care has stitched together Jeddah’s Chronic Care Specialized Medical Hospital and Makkah’s Jiwar Medical Center. Sulaiman Al Habib and Mouwasat are scaling mostly organically with new builds in Riyadh, Dammam, and beyond.