Asiri Hospital Holdings consolidates stake in Asiri Central

Wednesday, 19 December 2012 01:16 - - {{hitsCtrl.values.hits}}

Asiri Hospital Holdings Plc yesterday acquired a 32.7% stake for Rs. 1.82 billion in Asiri Central Hospitals Plc from Asiri Surgical Hospital Plc, thereby increasing the ownership to 88.48%.

Asiri Hospital Holdings Plc said the move was to consolidate the shareholding of Asiri Central in the group companies as part of Asiri Group restructuring.

The stake of 32.7% amounted to 7.3 million shares and the deal was done at Rs. 250 per share. Prior to yesterday’s deal, Asiri Holdings held 55.78% or 12.45 million shares.