Middle East Healthcare Company Announces the Signing of A Memorandum of Understanding to Enter as an Investor Partner in Sobhi Abdul Jalil Batterjee Medical Hospital
January 28, 2021 at 06:46 am EST
Middle East Healthcare Company announced the signing of a non-binding memorandum of understanding ("MoU") with Sobhi Abdul Jalil Batterjee Medical Hospital in Jeddah and entering as an investor partner in the hospital (the proposed transaction) in exchange for cash. The two parties also agreed that the final evaluation of the final value of the transaction will be determined based on the results of due diligence reviews as agreed upon by the two parties.