Riyadh - Mubasher: Dallah Healthcare Company has signed a non-binding memorandum of understanding (MoU) with Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company.
The MoU aims to explore the potential acquisition by Dallah Healthcare of Growth Avenue’s 41.36% stake in Care Shield Holding Company, according to a bourse disclosure.
Penned on 25 October, the agreement sets a preliminary framework for negotiations, due diligence, and confidentiality. It runs until 30 November 2025, with confidentiality obligations extending beyond that.
Care Shield is the owner of Kingdom Hospital and Consulting Clinics.
Dallah Healthcare has appointed Khoshaim & Associates as legal advisor, while no financial advisors have been engaged.
During the six-month period that ended on 30 June 2025, Dallah Healthcare posted an annual surge of 21.05% in net profits to SAR 279.82 million, compared to SAR 231.14 million.
