- July 17, 2026
- Posted by: Tresmark
- Category:
Court approval advances the integration of the Islamabad subsidiary after Shifa approved a Rs1.7 billion transaction to secure full ownership.
The Islamabad High Court (IHC) has approved the merger of Shifa Medical Center Islamabad (Private) Limited (SMCI) into Shifa International Hospitals Limited (SIHL), paving the way for the integration of the subsidiary into the listed healthcare company.
In a notice to the Pakistan Stock Exchange (PSX), SIHL said the court sanctioned the scheme of arrangement under Companies Original No. 02 of 2026. The company disclosed the development in accordance with the Securities Act, 2015, and the PSX Rule Book.
The merger follows the board's approval of the proposed amalgamation in October 2025, subject to regulatory, contractual, and corporate approvals. SIHL said the integration is intended to simplify its corporate structure, reduce administrative costs, streamline regulatory compliance, and centralize the management of assets and liabilities.
The company expects the merger to improve asset utilization, strengthen financial reporting, enhance operational efficiency, and create economies of scale while expanding its overall asset base.
As part of the transaction, SIHL approved the acquisition of 105.8 million shares to obtain full ownership of SMCI. Before the deal, SIHL held a 56% stake in the subsidiary, while Interloop Holdings owned 40% and minority shareholders held the remaining shares.
The company said full ownership will improve operational efficiency, simplify the group's structure, and provide tax benefits during the initial years of SMCI's operations. The acquisition is expected to cost Rs1.7 billion, in addition to the Rs1.3 billion already invested in the project.
SMCI's hospital facility, comprising five floors and two basements, has received the required regulatory approvals and is located around four kilometres from SIHL's main hospital in Islamabad. SIHL said the acquisition and future operations will be financed through internal cash flows, with the merger bringing SMCI's assets, operations, and liabilities under the parent company while supporting the group's long-term expansion plans.
