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Addendum Announcement from Al Hammadi Holding in regard to Signing of a Strategic Cooperation Agreement with A.C. Milan S.p.A.
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of Al Hammadi Holding Company (“the Company”) published on the Saudi Exchange (Tadawul) website on 10/08/1447H, corresponding to 29/01/2026G, regarding the signing of a strategic cooperation agreement with AC Milan with a total value of SAR 54,500,000, to be paid to the club in scheduled installments over the term of the agreement, Al Hammadi Holding Company would like to clarify that the agreement aims to establish MilanLab sports medicine and rehabilitation centers within Al Hammadi Hospitals Group in the city of Riyadh, as part of the medical and scientific cooperation between the two parties. It is worth noting that this agreement represents the first expansion of MilanLab outside Milan, marking its first international launch into the Kingdom through Al Hammadi Hospitals Group. MilanLab is the club’s affiliated medical and research center, specializing in sports performance development, injury prevention, and rehabilitation, utilizing advanced technologies and treatment protocols based on the latest scientific research. The agreement covers the following areas: • Medical and scientific cooperation. • Exchange of treatment protocols and medical best practices. • Development of sports medicine and rehabilitation services within Al Hammadi Hospitals. • Training and qualification of specialized Saudi professionals in this field. • Organization of periodic visits by AC Milan’s doctors and experts to provide consultations and support to Al Hammadi Hospitals Group patients. The Company expects the agreement to have a positive financial impact on its future results due to the anticipated increase in demand for physiotherapy and sports medicine services at the centers to be operated under the agreement. The exclusive nature of the agreement also provides opportunities for future expansion across various regions of the Kingdom. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-01-29 Corresponding to 1447-08-10 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | none |
| Financial Impact on the change | Not Applicable |
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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