Dallah Healthcare fully acquires Kingdom Hospital in Riyadh
Dallah Healthcare, a leading healthcare provider in Saudi Arabia, announced the completion of all regulatory and contractual procedures for its full acquisition of Dar Al-Raya Holding Company, owner of Kingdom Hospital and Consulting Clinics. The remaining shares from Masar Al-Numo Investment Company were officially transferred to Dallah Healthcare's records, with the agreed-upon cash consideration paid, making Dallah the sole 100% owner of this important medical facility.
Details of the deal and full acquisition
Under this recently announced agreement, Dallah Healthcare acquired Masar Al-Numu's stake of 5,170,370 shares, representing 41.36% of Dar Al-Raya's share capital. This acquisition complements Dallah's existing 58.64% stake, granting it full control and the ability to unify operational and administrative strategies.
Strategic context and keeping pace with Vision 2030
This acquisition is not merely a fleeting business deal; it comes within the context of fundamental transformations underway in the Saudi healthcare sector, in line with the Kingdom's Vision 2030. The Vision aims to enhance the efficiency of the healthcare sector, increase the private sector's contribution, and encourage large entities to expand and provide high-quality, specialized services. The integration of Kingdom Hospital, a 180-bed facility strategically located north of Riyadh, into the Dallah Healthcare network directly strengthens the healthcare infrastructure in the capital, which is experiencing rapid population and urban growth.
Dallah Health's position and history in the market
Dallah Healthcare has a long and distinguished history in the Saudi market as one of the leading companies listed on Tadawul, having successfully built strong trust with the community over decades. With its extensive network serving more than four million patients annually, the company aims to leverage this acquisition to standardize quality and patient safety across its various hospitals. This complete integration is expected to enhance operational efficiency, facilitate the exchange of medical expertise between staff at both hospitals, and provide a comprehensive patient care journey encompassing primary, specialized, and home healthcare.
Expected impact on medical services
This acquisition is expected to positively impact the level of services provided to citizens and residents, enabling the company to invest further in developing medical technologies at Kingdom Hospital and expanding its network of outpatient clinics. This move underscores Dallah Healthcare's commitment to professional and humanitarian values and its ongoing pursuit of being the leading provider of reliable healthcare, thereby contributing to improving quality of life, a key objective of the National Quality of Life Program.
