Dallah Healthcare inks SAR 195.6M SPA for undeveloped land in Al-Nakheel District

Dallah Healthcare signed a sale and purchase agreement (SPA) with Wahet Al-Nakheel Real Estate Fund for undeveloped land plots, spanning 16,800 square meters, in the Al-Nakheel District. The transaction is valued at SAR 195.65 million.

In a statement to Tadawul, the healthcare services provider said it will contribute its share by receiving in-kind units in the fund and depositing an additional cash amount of SAR 8.69 million. Dallah aims to ensure that the total investment units it owns match those of Dallah Real Estate and Tatweer.

Dallah Real Estate and Tatweer will also deposit their respective shares into the fund, bringing its total capital to SAR 613 million, equally divided among the three parties.

The fund will be managed by Aljazira Capital in compliance with the requirements of the Capital Market Authority (CMA).