Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, has signed a Memorandum of Understanding (MoU) to acquire an 85% stake in Alshifa Al Arabia Medical Company.
Alshifa Al Arabia Medical Company is specialised in home health care services and medical centre operations, according to a bourse filing on Tuesday.
The terms of the MoU include the completion of financial and legal due diligence and required approvals.
During the agreement’s period, the company will conduct full due diligence, valuation, final negotiations, sign a share purchase agreement (SPA), and obtain approvals from relevant bodies.
