Al Hammadi Holding — M&A Activity 2017

Aug 2, 2017

Al Hammadi Company for Development and Investment announces the entry into preliminary discussions with National Medical Care Company to study the possibility of merging the two Companies

4007 · 02/08/2017 15:57:39 · Announcement #47733 · View on Saudi Exchange

Al Hammadi Company for Development and Investment announces the entry into preliminary discussions with National Medical Care Company to study the possibility of merging the two Companies

Al Hammadi Company for Development and Investment (Al Hammadi) announces that on 02-08-2017 its Board of Directors has resolved to enter into preliminary discussions with National Medical Care Company (Care) to study the possibility of merging the two companies.

The company will appoint a financial advisor to study and value the merger, and also will seek other necessary external expertise if required for the best interest of alhammadi shareholders.

Entering in such discussions does not necessarily mean that the merger will happen between the two companies.

If the merger is agreed, it will be subject to various conditions including, without limitation, approvals of the relevant regulatory authorities in Saudi Arabia and the approval of the Extra Ordinary general assembly of each company.

Further announcements relating to any developments will be made in due course.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.