| Introduction | Miral Dental Clinics Company announces the signing of a non-binding Memorandum of Understanding (MoU) on 03/02/1447 H corresponding to 23/07/2025G with Saudi Medical Consultants Company (a limited liability company), for the purpose of discussing a potential acquisition of 70% of the target company’s capital, as part of Miral’s strategy to expand and enhance its specialized medical services. |
| Memorandum Signing Date | 2025-07-28 Corresponding to 1447-02-03 |
| Counterparty | Saudi Medical Consultants Company |
| Memorandum Subject | The MoU includes several provisions governing the exchange of confidential information between the parties for evaluation purposes. The implementation of the potential acquisition is subject to reaching a final binding agreement that outlines the definitive terms and conditions and obtains all regulatory approvals. Signing the MoU does not constitute a binding commitment to complete the transaction. |
| Memorandum Duration | The MoU is effective for six (6) calendar months (180 days) from the date of signing and may be extended or renewed for a similar period by mutual agreement between the parties. |
| Related Parties | There are no related parties involved. |
| Financial Impact | No significant contribution to the proceeds from the signing of the MoU is expected at this stage, and any significant financial developments will be disclosed upon final approval and completion of the transactions in accordance with relevant regulations and instructions. |
| Additional Information | Miral Dental Clinics Company will announce any material developments related to the potential transaction in due course. |