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Saudi Mouwasat Medical Services to fully acquire Egypt’s Al-Marasem International Hospital

Saudi Mouwasat Medical Services to fully acquire Egypt’s Al-Marasem International Hospital

Arab Finance: Mouwasat Medical Services has signed a non-binding memorandum of understanding (MoU) to fully acquire Al-Marasem International Hospital, an Egyptian limited joint-stock company, according to a disclosure filed to the Saudi Exchange (Tadawul) on May 23rd.

Under the signed MoU, the two parties have agreed to set the value of the transaction after conducting the due diligence.

Once a final agreement is reached, the Egyptian company will be 100%-owned by Mouwasat Medical Services following the completion of the due diligence process.

The financial impact is expected to be reflected on the company once the transaction is concluded.

Any further developments concerning the transaction will be disclosed in due course.

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