Edaa implements capital hike on Dallah Healthcare stock
The Securities Depository Center Co. (Edaa) applied today, March 23, the increase in the number of Dallah Healthcare Co. 's shares, resulting from its recent capital top-up, to the accounts of eligible shareholders, according to a Tadawul statement.
Dallah Healthcare's extraordinary general meeting (EGM) had recently approved the board's proposal to raise the company's capital from SAR 976.81 million to SAR 1.02 billion, through issuing 3.89 million ordinary shares, according to data available with Argaam.
The capital top-up is aimed at financing Dallah Healthcare's acquisition of 97.41% of Al-Ahsa Medical Services Co. and 100% of Al-Salam Medical Services Co., both owned by AYYAN Investment Co.
The table below details Dallah Healthcare's capital structure:
With 14.61 million shares to be purchased in Al-Ahsa Medical Services, the swap ratio is about 0.16 new Dallah Healthcare shares per one Al-Ahsa share.
While with 20 million Al-Salam Medical Services shares to be acquired, the swap ratio is about 0.07 new Dallah Healthcare shares per one Al-Salam share.
The post-acquisition ownership of shareholders to whom new ordinary shares will be issued in Dallah Healthcare under the capital top-up amounted to 3.83%.
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