Saudi Edition 
Egypt Edition 
UAE 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
M&A WATCH-
Dallah is now the new owner of Al Ahsa + Al Salam: Tadawul-listed Dallah Healthcare completed its acquisition of Al Ahsa Medical Services and Al Salam Medical Services from Ayyan Investments, according to two separate statements (here and here). The hospital operator is set to see gains worth SAR 500 mn reflected in its 2025 revenue, Argaam reports, citing Dallah’s CEO Tariq Othman Al Qasabi.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
The details: Dallah issued 3.9 mn new shares to Ayyan in addition to a SAR 143.4 mn banknote consideration adjusted to Al Salam’s accumulated losses. The firm also settled SAR 176.5 mn in loans tied to Al Salam. Meanwhile, Al Ahsa has until the end of the year to collect SAR 31 mn in outstanding receivables, which will be covered by Ayyan if it fails to do so.
Who owns what? Dallah now holds a 97.4% stake in Al Ahsa and 100% of Al Salam, while Ayyan was granted a 3.8% stake in Dallah through the capital hike.
LOGISTICS-
Arabian Drilling added a new SAR 260 mn self-elevating service vessel to its fleet, bringing the firm’s total fleet to 62 units, it said in a statement on Tadawul (pdf). The new service vessel — slated to launch operations by mid-2025 under a two-year contract — aims to boost the firm’s ability to offer service activities to complement its drilling operations. The acquisition’s associated backlog — surpassing SAR 170 mn — will be added to Arabian Drilling’s backlog position.
Arabian Drilling’s fleet now consists of 49 land rigs, 11 offshore jack-up rigs, and two offshore self-elevated service vessels.
DEBT WATCH-
Perfect Presentation (2P) renewed a shariah-compliant loan with Bank AlJazira, boosting it to SAR 150 mn, it said in a disclosure to Tadawul. The facility — backed by a promissory note and valid until January 2026 — will be allocated to the issuance of letters of guarantee and credit and invoice financing to support newly awarded projects.
STARTUP WATCH-
FeeSolution raised SAR 1.12 mn in a pre-seed round from angel investors, according to apost on LinkedIn. The fresh funds will be used to improve the company’s digital platform, increase market share, expand workforce, and enhance financing solutions.
About FeeSolution: The Homegrown digital payment solutions startup was established in early 2025 to provide schools with a unified digital payment platform.
