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Mouwasat Medical Services Co. announces the completion of shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company and raising the capital of Jeddah Doctors Company

Element ListExplanation
Introduction Referring to the company's announcement on Tadawul on June 30, 2022 G about signing of the final agreement to shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company,

Mouwasat Medical Services company would like to announce completion of raising the capital of Jeddah Doctors Company, shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company, 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 the signing of the final agreement to shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company.
Date of Previous Announcement on Tadawul's Website 2022-06-30 Corresponding to 1443-12-01
Percentage of fulfilled achievement 100% of completion of shareholding and purchase (51%) Fifty One percent of Jeddah Doctors Company and raising the capital of Jeddah Doctors Company
Event's Expected Completion Date Done
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable
Additional Information The financial impact of this purchase will be reflected in the financial results for the third quarter of 2022

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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