Fitaihi Announces that its Associate Company (International Medical Center – a Closed Joint-Stock Company) Issued a Board of Directors’ Resolution to Take the Necessary Measures to Transform it into a Public Joint-Stock Company Listed in the Main Market
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| ELEMENT LIST | EXPLANATION |
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| Announcement Detail | Fitaihi Holding Group announces that its associate (International Medical Center Company – a Closed Joint-Stock Company) has issued on 30-09-2021 a Board of Directors’ resolution to take the necessary measures to transform it into a public joint-stock company listed in the main market. The International Medical Center (IMC) operates in the healthcare sector in the Kingdom of Saudi Arabia, owning a medical center and a polyclinic medical complex with a current total capacity of 300 medical beds. Worth mentioning that Fitaihi Holding Group owns (19.25%) of the capital of the (IMC), which amounts to 750 million Saudi Riyals. This comes in line with the Strategy of Fitaihi Holding Group, which in turn will contribute to a future positive impact (as expected) on increasing the return on equity of the shareholders of the Group. Fitaihi Holding Group will announce the most important developments in this regard in due course. |
