| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Leading Medical Group published on the Saudi Stock Exchange (Tadawul) website on 15-05-1447 AH (corresponding to 06-11-2025 AD) regarding the signing of an agreement for marketing and providing e-commerce services, the company wishes to clarify some details for its shareholders. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-11-06 Corresponding to 1447-05-15 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Contract signing date: 15-05-1447 AH, corresponding to 06-11-2025 AD Contract Value: The agreement is an e-commerce marketing and services agreement whereby BADAYAT AL-AMAL Trading Company will market, promote, and sell the products of Almujtama Alraida Medical Co. Therefore, it was agreed that Almujtama Alraida Medical Co. would receive a fixed and specific profit of 4% above the cost of goods, without any discount. It was also agreed that any profits or losses exceeding this base limit (cost of goods sold plus + 4% profit) would be wholly owned by BADAYAT AL-AMAL Trading Company. Contract Term: This agreement shall commence from the date of signing the contract and shall continue for an initial period of three (3) years, in accordance with the commercial framework agreed upon between the two parties. The agreement shall be automatically renewed for successive annual periods unless either party provides written notice of non-renewal at least ninety (90) days prior to the end of the current term. |
| Financial Impact on the change | The financial impact is expected to be reflected in the annual financial statements for fiscal year 2026. |
| Additional Information | The two parties agreed that the agreement would be implemented gradually through three main phases, each with its own objectives, procedures, and main features. The transition from one phase to another would not take place until all operational, technical, and financial aspects had been evaluated and official approval had been issued by both parties based on these results. |