ISLAMABAD: Shifa International Hospitals Limited (SIHL) of Islamabad plans to buy all shares currently held by minority shareholders in its subsidiary, Shifa Medical Centre Islamabad (Private) Limited (SMCI), this move is part of SIHL’s strategy to streamline operations and support future growth, according to private media report.
As per the report, SIHL announced this decision in a notice to the Pakistan Stock Exchange (PSX) on Monday.
“In a meeting held on 10 May 2025, SIHL’s Board of Directors approved the proposal to purchase all shares held by minority shareholders in SMCI. This includes negotiating and executing share purchase agreements and transfer deeds with relevant parties,” stated the notice.
The transaction aims to consolidate SMCI into a wholly-owned subsidiary of SIHL.
ALSO READ | Islamabad to get extra lane on Srinagar highway for smoother traffic
“The consolidation will simplify SIHL’s corporate structure by removing redundant administrative layers and intercompany relationships. It is expected to increase SIHL’s asset base and operational scale, potentially benefiting from economies of scale in combined business operations,” the notice further explained.
In the same meeting, the Board of Directors also decided to call an extraordinary general meeting of all shareholders to seek their approval for the transaction.
SIHL anticipates new opportunities for business expansion following this transaction, pending necessary corporate and regulatory approvals.
Established in 1987 and converted into a public limited company in 1989, Shifa International Hospitals Limited operates medical centres, hospitals, pharmacies, and lab collection points across Pakistan.
