Sulaiman Al Habib’s shareholder transfers 17.4M shares to subsidiary

Dr. Sulaiman Al Habib Medical Services Group received a letter, on Feb. 27, from Mohammed Abdulaziz Al Habib and Sons Holding Co., one of its major shareholders, which stated the intention of an internal restructure, according to a statement to Tadawul.

The restructure will be through a transfer of 17.43 million shares owned by the shareholder to the investment portfolio of affiliated company 100% owned by the same shareholder, Mohammed Abdulaziz Al Habib and Sons Holding Co.

This will result in a change in the shares held by one of the major direct shareholders in Dr. Sulaiman Al Habib Medical Services Group on Tadawul website.

According to data available on Argaam, Mohammed Abdulaziz Al Habib and Sons Holding Co. owns 33.753% of the shares of Dr. Sulaiman Al Habib Medical Services Group Company, which amounts to 118.13 million shares.