03:30 AM EDT, 07/21/2026 (MT Newswires) -- Dr. Soliman Abdel Kader Fakeeh Hospital Co. (SASE:4017), d/b/a Fakeeh Care, closed the purchase of Dr. Mohammed Bin Rashid Al Fagih & Partners Co. for 1.6 billion Saudi riyals in cash, according to a Tuesday release. The target company adds a second hospital in Riyadh to the Tadawul-listed healthcare company's portfolio. The transaction is expected to raise Fakeeh Care's consolidated debt and gradually deliver operational efficiencies, cost synergies, and enhanced revenue opportunities.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.