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Mouwasat Medical Services Co. announces the signing of the final agreement to shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company.

Element ListExplanation
Introduction Referring to the company's announcement on Tadawul on April 27, 2022 G about signing a Memorandum of Understanding with Jeddah Doctors Company,

Mouwasat Medical Services company would like to announce the signing of the final agreement to shareholding and purchase (51%) Fifty One percent, including management and operation in Jeddah Doctors Company, which owns under construction hospital in the name of Jeddah Doctors Hospital, with a value of only 102 million Saudi riyals

Previous Announcement Mouwasat Medical Services Co. announces signing a Memorandum of Understanding with Jeddah Doctors Company
Date of Previous Announcement on Tadawul's Website 2022-04-27 Corresponding to 1443-09-26
Percentage of fulfilled achievement 100% of due diligence and the signing of the shareholding and purchase agreement
Event's Expected Completion Date during the third quarter of 2022.
The costs associated with the event, and if they have changed or not with indication of the reasons. There's been no change.
Additional Information Jeddah Doctors Company will carry out the statutory requirements for approval of raising its capital and entering a new partner, any substantial will be announced in due course

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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