| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published on the Tadawul website on November 4, 2025, regarding the lease of premises for a new branch of the company in Al-Qassim - Ar-Rass, Al-Rawabi District, Al-Juraif Street, with an area of (828 m²), to establish specialized clinics as a new branch of the company to provide medical services, Balsm Alofoq Medical Co is pleased to announce the signing of a contract with Wadan Medical Company for the purchase of medical devices, equipment, and supplies for the new branch. This is aimed at equipping the specialized clinics in preparation for commencing operations after obtaining the necessary licenses to practice the activity, God willing. This contract aligns with the completion of the company's strategic plan. |
| Date of Announcement of the Award | 2025-11-09 Corresponding to 1447-05-18 |
| Contract Subject Matter | Purchase of medical devices, equipment, and supplies for the new branch in Al-Qassim - Ar-Rass |
| The Entity with Which the Contract was Signed | Wadan Medical Company |
| Date of Signing the Contract | 2025-11-09 Corresponding to 1447-05-18 |
| Contract Value | 1200000 |
| Contract Details | The company purchased medical devices, equipment, and supplies for its new branch located in Al-Qassim - Ar-Rass from Wadan Medical Company. |
| Contract Duration | One month of the calendar |
| Financial Impact and the Relevant Period | The financial impact is expected to be positive on results once the new branch begins operations after obtaining the necessary licenses to conduct business. |
| Related Parties | nothing |
| Additional Information | The company confirms that the contract was made within the normal course of business and did not include any preferential advantages. |
