Investment Holding Group is studying a proposal to acquire the Elegancia Group Holding Company as a new investment opportunity

08-04-2021


Investment Group Holding QPSC has announced that the Elegancia Group Holding WLL has submitted a proposal to be acquired by the group through an exchange of shares transaction (“Acquisition”).
It should be noted that Elegancia Group Holding WLL includes more than 20,000 employees and is currently developing two hospitals in the State of Qatar that will operate according to high specifications and standards, and it is followed by many well-known companies in the Qatari market that operate in the following sectors:
Hospital and health services sector
- The public services sector
- The industries sector
- The contracting sector
Accordingly, the group’s board of directors discussed the company's request and decided in principle to approve the proposal presented as a good investment opportunity and start studying it from all financial, legal, administrative and technical aspects, provided that all studies are presented upon completion to the extraordinary general assembly of the group to take the final decision.
The group will follow and implement all laws and instructions issued by the Qatar Financial Markets Authority, Qatar Stock Exchange and all relevant regulatory authorities, and obtain all necessary approvals and disclose any developments as soon as they happen.
 


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