National Medical Care Company (SASE:4005) signed share purchase agreement to acquire Chronic Care Specialized Medical Hospital Company from Saudi Medical Care Group for SAR 193.21 million on September 8, 2023. The purchase price shall be paid fully in cash through internal sources and bank loans. The transaction is subject to customary purchase price adjustments made in light of the completion accounts mechanism under the Agreement, receipt of regulatory approvals or non-objection (including the General Authority for Competition?s non-objection), Purchaser?s general assembly?s consent on the Transaction, the Seller?s general assembly?s consent on the Transaction and other customary conditions.

GIB Capital CJSC acted as financial advisor and Law Firm of AlSalloum and AlToaimi in association with White & Case LLP acted as legal advisor to National Medical Care Company.

National Medical Care Company (SASE:4005) acquired Chronic Care Specialized Medical Hospital Company from Saudi Medical Care Group on November 23, 2023.