PAKISTAN
Shifa International Hospitals Limited (SIHL) has announced that its Board of Directors has approved a proposal to acquire the shareholding of all minority shareholders in its subsidiary, Shifa Medical Centre Islamabad (Private) Limited (SMCI). The decision was taken at a board meeting held on May 10, 2025.
According to the notice shared with the Pakistan Stock Exchange (PSX), SIHL will proceed by negotiating and executing share purchase and transfer agreements with all relevant parties to complete the transaction. In conjunction with this move, the Board has also called an extraordinary general meeting of shareholders to seek approval for the transaction.
The proposed deal will lead to the consolidation of SMCI into a wholly-owned subsidiary of SIHL. This strategic move is aimed at paving the way for a future merger of SMCI with SIHL, thus simplifying the corporate structure and eliminating redundant administrative layers and intercompany relationships.
The company highlighted that the consolidation and eventual merger would increase the asset base and scale of SIHL, enabling it to realize economies of scale and operate more efficiently. Moreover, the move is expected to open up new business expansion opportunities for SIHL.
About Shifa International Hospitals Limited:
SIHL is a leading private healthcare provider in Pakistan, operating a state-of-the-art hospital in Islamabad and several diagnostic and clinical facilities across the country. The company is listed on the Pakistan Stock Exchange and known for its commitment to delivering high-quality medical services. – ENGINEERING REVIEW
