National Medical Care Co. [4005.SE] announced on 5 March 2019 that Hassana Investment Company (on behalf of GOSI) has signed a definitive (final and binding) agreement with UAE’s NMC Health for a share swap. All commercial terms and agreements have been finalised between NMC and Hassana, with both parties working towards customary closing requirements. 
 
Under the agreement GOSI and Hassana will transfer 17.4mn shares in CARE (38.88% stake) to NMC Health’s Saudi JV in exchange for a 48% stake in NMC Saudi at a swap price SAR54/share. The JV includes five assets in Saudi. The transaction price was lowered from the initially cited figure of SAR70/share (in June 2018 when the companies had first began discussions) given the developments in the Saudi healthcare sector since then, the disclosure added. (Nada S. Amin, Hatem Alaa, CFA, company)      
 
National Medical Care: SAR48.60 as of 4 Mar. 2019, MCap: USD582mn, CARE AB/4005.SE