Al-Ahsa Development Company announced the issuance and allocation of new shares to the owners of Al-Salam Medical Services Company as part of the acquisition of all Al-Salam shares.
The company said in a statement to the Saudi market (Tadawul) today, Monday, that the process of issuance and capital increase was carried out for the purpose of acquiring all of the shares of Al Salam.
She explained that the completion of the issuance process comes after a previous announcement by the company on February 3, regarding the extraordinary general approval to increase the capital for the purpose of implementing the aforementioned acquisition. p>
Al-Ahsa’s losses fell 93.5% in the past year, to 726.3 thousand riyals, compared to the profits of 2018 amounting to 11.2 million riyals.