Qatari German For Medical Devices Company announced With reference to Article No. (5) of the Resolution of the Board of Directors of the Qatar Financial Markets Authority No. (2) for the year 2014 to issue the mergers and acquisitions system, we are pleased to disclose that the Board of Directors intend to sign an initial agreement aimed at evaluating the Elegancia Company LLC, which is one of the companies Not listed, it works in the sectors of industry and services with the aim of acquiring it through a stock exchange deal, and this evaluation aims to arrive at an offer to be made to our valued shareholders and regulatory bodies to kindly agree in accordance with the laws and regulations in force in the State of Qatar.

It is worth noting that the idea behind these acquisitions resulted in the desire of the Board of Directors to diversify the company's activities to improve its performance and raise its productivity, and once the studies and the necessary assessments are completed, communication will be made with the supervisory authorities and the relevant parties whether or not to start the completion of the acquisition, and you will be provided with the timeline for the acquisition process.