The Board of Directors of Shifa International Hospitals Limited (SIHL) has approved a scheme of arrangement to merge its subsidiary, Shifa Medical Center Islamabad (Private) Limited (SMCI), into the parent company, subject to all necessary contractual and regulatory approvals.
According to a notice sent to the Pakistan Stock Exchange, the proposed amalgamation aims to simplify the corporate structure by eliminating redundant administrative layers and inter-company relationships.
The merger is expected to enhance operational efficiency, reduce costs, and streamline compliance processes by consolidating resources and centralizing management.
SIHL stated that the unified structure will improve asset utilization, financial reporting, and decision-making, while also strengthening the company’s market presence and positioning it for future growth. The move is anticipated to increase SIHL’s asset base and enable the company to benefit from economies of scale, with further business expansion opportunities expected to arise as a result.
The company emphasized that the merger is contingent on receiving all required contractual, corporate, and regulatory authorizations and consents. SIHL has committed to keeping stakeholders informed as the process moves forward.
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