Dallah signs 10-year SAR112mn LOI with Siemens Healthcare
Dallah Healthcare [4004.SE] announced that it signed a letter of intent (LOI) with Siemenes Healthcare Limited on 26 March, valid for 90 days. The SAR112mn agreement (payable over ten years) is for Siemens to manage and provide technical support to all radiology departments at Dallah’s hospitals, in addition to radiology departments for potential hospitals that could be won by Dallah via public or private tendering.
Dallah Healthcare: SAR49.05 as of 27 Mar. 2019, Rating: Neutral, TP: SAR47.20/share, MCap: USD981mn, DALLAH AB/4004.SE
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