Asiri Surgical to buy preference shares held by parent for Rs. 1.48 b

Asiri Surgical Hospital Plc yesterday announced its decision to repurchase the entirety of the 210 million preference shares for Rs. 1.482 billion held by parent Asiri Hospital Holdings Plc.

The consideration at which the repurchase of unlisted preference shares would be made is Rs. 7.06 each. The move is subject to shareholder approval.