Dr. Sulaiman Al Habib Medical Services Group Company (SASE:4013) entered into an agreement to acquire 25% stake in Tamkeen Human Resources Company on February 21, 2022. As of March 27, 2022, General Authority for Competition has given its non-objection decision with respect to the completion of the economic concentration transaction. Closing follows a “no objection” certificate issued by the General Authority for competition regarding the completion of the economic concentration between both parties.

Ahmed el-Gaili of Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP acted as legal advisor for Dr. Sulaiman Al Habib Medical Services Group Company. Noor M. Al-Fawzan of Latham & Watkins LLP acted as legal advisor to Dr. Sulaiman Al Habib Medical Services Group Company (SASE:4013).