Egypt: Premium Healthcare signs $3.93mln purchase deal with Saudi firm

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The shares’ value will be recorded as a credit balance for the selling shareholder

Staff Writer, Mubasher

December 2, 2024

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Cairo – Premium Healthcare Group inked a contract, on 28 November 2024, to purchase shares of the Saudi Distinguished Diagnostics Company at a value of EGP 194.97 million.

The shares’ value will be recorded as a credit balance for the selling shareholder, according to a bourse disclosure.

Moreover, the ordinary general assembly of Premium Healthcare recently approved purchasing the assets, brands, and shares of three companies at a combined value of EGP 1.10 billion.

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