Dallah Healthcare Company (SASE:4004) signed of a non-binding memorandum of understanding to acquire an additional 18.98% stake in International Medical Centre on January 25, 2022. Following the transaction, Dallah Healthcare will hold 27.18 % stake in International Medical Centre. As of June 20, 2022, Dallah Healthcare entered into a share purchase agreement to acquire an additional 18.98% stake in International Medical Centre through issuance of 7,681,166 shares, representing 8.53% stake.

The 18.98% stake represents 14,232,690 ordinary shares in International Medical Centre. The Proposed Transaction is subject to satisfactory completion of financial, tax and legal due diligence. The Proposed Transaction is subject to obtaining the regulatory approvals of the competent authorities and the approval of the Company's Extraordinary General Assembly.