Dr. Sulaiman Al Habib Medical Services Group Announces Transfer of Shares by Major Shareholder to Affiliated Company

On Wednesday, Dr. Sulaiman Al Habib Medical Services Group Company (referred to as “the Group”) disclosed that it has received a letter from Mohammed Abdulaziz Al Habib and Sons Holding Company (“the Shareholder”), a significant shareholder owning 33.753% of the Group’s shares, outlining its intention to execute an internal structural transaction.

According to the announcement, 17,430,000 shares of Dr. Sulaiman Al Habib Medical Services Group Company will be transferred. This transfer involves the shares held by Mohammed Abdulaziz Al Habib and Sons Holding Company being moved to the investment portfolio of an affiliated company, which is 100% owned by the same shareholder, Mohammed Abdulaziz Al Habib and Sons Holding Company. Consequently, this transaction will lead to a modification in the shares held by one of the major direct shareholders in Dr. Sulaiman Al Habib Medical Services Group Company as displayed on the Tadawul website.