Maharah Human Resources Co. — M&A Activity 2021

Dec 7, 2021

Maharah Human Resources Company (“Maharah”) announces the latest updates regarding the MOU signed by its 100% owned subsidiary - Growth Avenue Investment Company (“GAG") - with owners of Alshifa Alrabia Medical Company (“Alshifa”) to acquire 85% of equity in Shifa

1831 · 07/12/2021 08:12:11 · Announcement #65862 · View on Saudi Exchange

Maharah Human Resources Company (“Maharah”) announces the latest updates regarding the MOU signed by its 100% owned subsidiary - Growth Avenue Investment Company (“GAG") - with owners of Alshifa Alrabia Medical Company (“Alshifa”) to acquire 85% of equity in Shifa

Element List	Explanation
Introduction	Reference is made to Maharah announcement on Tadawul website on 21-02-1443 H corresponding 28-09-2021 AD, regarding the MOU signed by its 100% owned subsidiary GAG with owners Alshifa to acquire 85% of equity in Alshifa.

Maharah would like to announce that GAG has signed the sale and purchase agreement on 02-05-1443H corresponding to 06-12-2021 to acquire 85% of equity in Alshifa Previous Announcement Signing a non-binding MOU to acquire 85% in Alshifa Al-Arabiya Medical Company Date of Previous Announcement on Tadawul's Website 2021-09-28 Corresponding to 1443-02-21 Percentage of fulfilled achievement 100% Event's Expected Completion Date Not Applicable Reasons for Exceeding the Announced End Date Not Applicable The costs associated with the event, and if they have changed or not with indication of the reasons. None Impact of the Delay on the Company's Financial Results Not Applicable Additional Information Maharah would like to announce that GAG has signed a sales and purchase agreement on 02-05-1443H corresponding to 06-12-2021G, to acquire 85% of equity in Alshifa which is specialized in home health care services. The closure of the transaction and transfer of shares is subject to approvals of the relevant authorities including the General Authority of Competition. Maharah will announce any future development in due course.

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