Dr. Sulaiman Al Habib Medical Services Group announces that a major shareholder is intending to transfer some of its shares in the Group to its affiliated company
Dr. Sulaiman Al Habib Medical Services Group Company (the “Group”) announces that it received on Tuesday, February 27, 2024, a letter from Mohammed Abdulaziz Al Habib and Sons Holding Company (“the Shareholder”), one of the Group’s major shareholders, with ownership of (33.753%) of Dr. Sulaiman Al Habib Medical Services Group Company’s shares, which states that the Shareholder intends to carry out an internal structure transaction to transfer (17,430,000) shares of Dr. Sulaiman Al Habib Medical Services Group Company, whereby the Group shares owned by Mohammed Abdulaziz Al Habib and Sons Holding Company will be transferred to the investment portfolio of affiliated company 100% owned by the same shareholder, Mohammed Abdulaziz Al Habib and Sons Holding Company. Which will result in a change in the shares held by one of the major substantial direct shareholders in Dr. Sulaiman Al Habib Medical Services Group Company on the Tadawul website.
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