> Ain Investment Company has signed an agreement to buy shares with the shareholders of Al-Ahsa Medical Services, Al Othman Holding Company and Saad Abdulaziz Al Hussein, Ibrahim Abdullah Al-Afalq, Sons and Rashid Saad Al-Rashed to acquire The entire shares in the capital of Al Ahsa Medical Services and 3,964,850 ordinary shares, representing 26.43% of Al Ahsa's capital.
According to Arab Net, the company said in a statement that this acquisition would be compatible with the issuance of new shares in the company of Al Ahsa's shareholders. 80,636,328 shares, ie, an increase of 9.4% of the company's capital before issuing new shares.
The company's ownership is 96.37% after an increase in capital, while direct and indirect ownership of Al Ahsa shareholders will be 33.41% after increased capital, which has a lower voting for current shareholders in the company, They will decrease their ability to influence decisions requiring company shareholders.
The total assessment of Al-Ahsa Medical Services is SAR 420,017,780, accounting for 26.43% of Al Ahsa's capital, worth 111,020,500 riyals and represents the final value of the acquisition deal. Based on the number of desired shares acquired at Al-Ahsa and 3,964,850 shares.
The company's assessment was calculated for the purpose of the acquisition deal by using the company's daily closure price for the period from 28/09/2020 until 20/12/2020. The acquisition deal, so that the fair market value of Ian is a billion, one hundred, eighty-five million, six hundred and 11,000 and seventy (1,185,611,670) Saudi Riyals, representing 16.08 SAR per share
Based on the number of desired shares acquired at Al-Ahsa and amounting (3,964,850) shares, and based on the number of new shares, which will be issued in the company for the shareholders of Al-Ahsa vendors instead of the acquisition deal, 1.741 new shares in the company per (1) shares Mamluk at Al Ahsa Company by Al Ahsa Shareholders' shareholders
