DUBAI
Saudi Arabia’s Al Borg Medical Laboratories, one of the largest private medical laboratory chains in the Gulf, has agreed to buy the lab business of Anglo Arabian Healthcare, majority owned by Waha Capital, sources told Reuters.
The two parties signed an agreement in December though a number of terms and conditions remain to be met before the deal can close, the sources said, declining to be named as the matter is not public. The transaction was negotiated and arranged by Al Borg and its majority shareholder, Gulf investment firm Investcorp, one of the sources said. The sources declined to provide a value for the deal.
