Lana Medical Announces Approval for Establishment of Lana Investment Company with SAR 10 Million Financial Support”

Lana Medical Company, a pioneer in medical and environmental services in the Kingdom of Saudi Arabia, extends its gratitude to all esteemed shareholders as it announces the approval for the establishment of Lana Investment Company (Single Person Limited Company – S.P.L.C). This new entity, with 100% ownership, will be based in Riyadh and serve as the dedicated investment arm for Lana’s future investment plans. A financial support of SAR 10 million has been sanctioned to kickstart its operations.

In a statement made on Thursday on Tadawul, Lana Medical emphasized that this strategic move aligns with Lana’s overarching strategy aimed at fostering growth, business development, and revenue diversification. Lana Investment Company is poised to commence operations once it obtains the requisite approvals and licenses from the relevant authorities. Further updates on this development will be communicated in due course