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FINANCIAL NEWS
Dallah Healthcare Holding invests USD9.59 million in health care
05 Aug 2013
(MENAFN) Saudi Dallah Healthcare Holding stated that the development of use of its IPO (Initial Public Offering), which was from November 19 to November 25 of last year, is in progress, Arab News reported.
The total proceeds include a payment of USD9.59 million which forms the acquisition price of pharmaceuticals, herbal and cosmetics factory with a total price of USD10 million for investing in health care projects and companies.
Investment in health care projects and companies represents 29.9 percent of the net IPO proceeds. It spent USD16 million to buy land in west Riyadh area.
The actual payment on this project represents 11.9 percent of the net IPO proceeds.
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