{"id":82848,"date":"2024-01-29T00:00:00","date_gmt":"2024-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/"},"modified":"2024-01-29T00:00:00","modified_gmt":"2024-01-29T00:00:00","slug":"lana-medical-is-the-new-owner-of-saham-environmental-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/","title":{"rendered":"Lana Medical is the new owner of Saham Environmental Services"},"content":{"rendered":"

Nomu-listed <\/strong>Lana Medical<\/a><\/strong> has fully acquired Saham Environmental Services in a SAR 5 <\/strong>mn transaction<\/strong>, it said in a Tadawul regulatory filing<\/a> yesterday. The medical devices manufacturer doesn\u2019t plan to line up bank finance for the transaction. The move is part of the company\u2019s push to diversify its environmental services portfolio. <\/p>\n

In context: <\/strong>The takeover comes a few days after the company\u2019s shareholders approved a decision to establish an SAR 10 mn investment arm, dubbed Lana Investment<\/a>. <\/p>\n

About Saham:<\/strong>The company has been in the local waste management sector for 18 years now, providing commercial and construction waste disposal services. <\/p>\n

Not the first environmental venture: <\/strong>Lana established a medical waste treatment plant in<\/a>Jeddah<\/a> in October 2023 with a daily capacity of 36 tons, in addition to the plan in Riyadh<\/a> which was established in 2016 to serve the Central Region. <\/p>\n

WATCH THIS SPACE-<\/strong> Lana has two more treatment facilities currently under construction in Asir and Hail with operations expected to start this year.<\/p>\n

Remember:<\/strong> Lana took 720k shares (20% stake) to market last month<\/a> on Tadawul\u2019s parallel market Nomu, after pricing its IPO at SAR 31 a piece.<\/p>\n

Market reax:<\/strong>The share price of Lana declined 2.4% to SAR 35 at yesterday\u2019s close.<\/p>\n

\n

IN OTHER M&A NEWS-<\/p>\n

Jedaya Agriculture<\/a><\/strong> has fully acquired a poultry farm in Riyadh at a cost of SAR 10.8 mn to breed broiler <\/strong>chickens<\/strong>, parent company Mayar Holding<\/a> said in a Tadawul filing<\/a>. <\/p>\n

The pitch: <\/strong>Expanding into the poultry sector is part of Mayar\u2019s strategic plan to diversify its operations and boost revenues, ultimately complementing the Nomu-listed company\u2019s offering portfolio of agricultural and food products.<\/p>\n

The details: <\/strong>The purchase includes farmland, breeding barns, existing operating equipment, poultry farming supplies, and licenses.<\/p>\n

Jedaya will finance the project from its own resources<\/strong> where SAR 700k will be paid upon receiving the deed to the land, while the remaining SAR 10.1 mn will be paid upon completion of all the legal procedures.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction will be financed through Lana Medical\u2019s own resources<\/p>\n","protected":false},"author":1,"featured_media":82849,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2575],"tags":[10,697,406,14,696],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam-ksa","tag-lana-investment","tag-lana-medical","tag-ma-watch","tag-saham-environmental-services","wpautop","entry"],"acf":{"mongo_id":"08144dc8-9147-4135-8907-43e5377cd02c","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2371.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lana Medical is the new owner of Saham Environmental Services. PLUS: A unit of Mayar Holding acquires a poultry farm","related_issue":[82842],"teaser":"The transaction will be financed through Lana Medical\u2019s own resources","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.fc4622ac-0a0c-4622-9364-5bb09b3b93af.mp3"},"yoast_head":"\nLana Medical is the new owner of Saham Environmental Services - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lana Medical is the new owner of Saham Environmental Services\" \/>\n<meta property=\"og:description\" content=\"The transaction will be financed through Lana Medical\u2019s own resources\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2371.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lana Medical is the new owner of Saham Environmental Services\",\"datePublished\":\"2024-01-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\"},\"wordCount\":330,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2371.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Lana Investment\",\"Lana Medical\",\"M&A WATCH\",\"Saham Environmental Services\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/lana-medical-is-the-new-owner-of-saham-environmental-services\/\",\"name\":\"Lana Medical is the new owner of Saham Environmental Services - 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