| Element List | Explanation |
|---|---|
| Introduction | The Company has signed a non-binding Memorandum of Understanding for the purpose of acquiring a %40 stake in the capital of Wareed Medical “LLC”, which is engaged in the laboratory testing and home healthcare sector and operates (29) branches in Riyadh province. |
| Memorandum Signing Date | 2025-04-28 Corresponding to 1446-10-30 |
| Counterparty | Wareed Medical Company |
| Memorandum Subject | The Company to acquire a %40 stake in Wareed Medical Company. The final decision to purchase the stake is contingent upon share valuation, completion of due diligence, and obtaining the necessary approvals from the competent authorities. |
| Memorandum Duration | 90 days (renewable for similar period). |
| Related Parties | None. |
| Financial Impact | The financial impact could be determined after signing the share purchase agreement. |
| Additional Information | This memorandum does not create any legally binding obligation until the final signing of the share purchase agreement. Any developments in this regard will be announced. |
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