| Element List | Explanation |
|---|---|
| Introduction | Basma Adeem Medical Company (Smile Care) announces to its valued shareholders the signing of a lease agreement with King Abdullah Financial District (KAFD) to establish its third branch in Riyadh, for a period of 8 years and seven months. This expansion comes within the framework of the strategic plans approved by the Board of Directors, which aim to enhance the company's presence and leadership in the medical sector, meet the growing demand for its services, and achieve sustainable returns for shareholders, while remaining committed to providing high-quality services in accordance with the latest standards, keeping pace with market aspirations and customer requirements. |
| Date of Announcement of the Award | 2025-08-13 Corresponding to 1447-02-19 |
| Contract Subject Matter | Lease of Smile Care's third headquarters in Riyadh, in the King Abdullah Financial District, for the purpose of establishing a dental and dermatology clinic. |
| The Entity with Which the Contract was Signed | King Abdullah Financial District (KAFD) |
| Date of Signing the Contract | 2025-08-13 Corresponding to 1447-02-19 |
| Contract Value | Total contract value: SAR 3,873,799.25, excluding VAT. |
| Contract Details | Lease contract for a clinic headquarters in King Abdullah Financial District, with a total value 3,873,799.25 Saudi Riyals, excluding VAT , for a period of 8 years and seven months, starting from 01/09/2025 and ending on 03/31/2034. |
| Contract Duration | 8 years and 7 months |
| Financial Impact and the Relevant Period | Expected financial impact in the third quarter of 2026 |
| Related Parties | Nothing |
