Dallah Healthcare Company (SASE:4004) signed an agreement to acquire a 8.2% stake in International Medical Centre from Abdulaziz Mohammed Al Meshaal and Abeer Mohammed Al Meashaal for approximately SAR 290 million on October 27, 2021. Dallah Healthcare Company plans to acquire a stake of more than 25% in IMC, and grow its presence in the Jeddah area. Funding for the acquisition is provided by Bank Murabaha facilitates. International Medical Co posted a revenue of SAR 1.2 billion annually for the last three years. This deal is subject to many elements, including but not limited to, approval of the related governmental bodies.