Saudi Advanced Industries Company announced the completion of a deal for the purchase of shares in the Canadian General Medical Center Complex Company at a value of SAR 24,999,000
- Date : 2023-08-25
| Element List | Explanation |
|---|---|
| Introduction | Saudi Advanced Industries Company announces the completion of a deal for the purchase of shares in the Canadian General Medical Center Complex Company. |
| Transaction Details | Saudi Advanced Industries Company announces the completion of a special deal for the purchase of shares in the Canadian General Medical Center Complex Company of 3,846,000 shares valued at SAR 24,999,000. |
| Transaction Value | (24,999,000) Saudi riyals |
| Transaction Terms | There are no preferential or special conditions. |
| Parties of the Transaction | – Saudi Advanced Industries Company (Buyer)
– Khalid Mohamed Farhan Al-Dossary (seller) |
| Transaction Funding Method | Company’s own resources |
| Transaction Execution Date | 2023-08-24 Corresponding to 1445-02-08 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | The Canadian General Medical Center Complex Company operates in the health sector in Saudi Arabia. The Company’s business falls under two main domains, namely, the medical center business and the Implementation of medical clinic project contracts. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | attached |
| Transaction reasons | This deal is part of a company’s evolving strategy to expand its investments and target the most vibrant sectors, investment attraction and alignment with Saudi Arabia’s 2030 orientations and vision. |
| Expected Impact of the Transaction on the Company and Its Operations | Saudi Advanced Industries Company expects to show the financial impact of the deal in the third quarter of this year. |
| Related Parties | There is no |
| Additional Information | There is no |
| Attached Documents |  |