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Al Hammadi Holding Announces an update on signing of a non-binding memorandum of understanding to acquire 40% of the share capital of Wareed Medical Company (a limited liability company).
4007
ALHAMMADI
0.62
%
1447/02/02 27/07/2025 15:34:58
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s announcement published on the Saudi Exchange (Tadawul) website on 28/04/2025 regarding the signing of a non-binding memorandum of understanding to acquire 40% of the share capital of Wareed Medical Company “LLC”, the Company announces the extension of the memorandum for an additional period of Ninety (90) days For the purpose of preparing the independent assessment of feasibility and strategic alignment. |
| Previous Announcement | signing of a non-binding memorandum of understanding to acquire 40% of the share capital of Wareed Medical Company (a limited liability company). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-04-28 Corresponding to 1446-10-30 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | extension of the memorandum for an additional period of Ninety (90) days For the purpose of preparing the independent assessment of feasibility and strategic alignment. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact could be determined after signing the share purchase agreement. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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