| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement by Almujtama Alraida Medical Co. on the Saudi Stock Exchange (Tadawul) website dated October 7, 2025, regarding the signing of a non-binding memorandum of understanding with BADAYAT AL-AMAL For Trading. Almujtama Alraida Medical Co. announces the signing of an exclusive commercial distribution agreement. |
| Previous Announcement | Almujtama Alraida Medical Co. announces the signing of a non-binding Memorandum of Understanding with BADAYAT AL-AMAL For Trading. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-07 Corresponding to 1447-04-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Almujtama Alraida Medical Co. announces the signing of an exclusive commercial distribution agreement with the Turkish company GSS Marketing and Foreign Trade and BADAYAT AL-AMAL For Trading Company, which is the official and authorized agent of the Turkish company GSS within the Kingdom of Saudi Arabia and represents it and works in its name and for its benefit within the Kingdom. The signing of this agreement comes based on the memorandum of understanding signed between Almujtama Alraida Medical Co. and BADAYAT AL-AMAL For Trading on 15/04/1447 AH corresponding to 07/10/2025 AD. The agreement aims to have Almujtama Alraida Medical Co. undertake the sale, marketing and distribution of the products specified in the agreement and belonging to the Turkish company GSS within the Kingdom of Saudi Arabia, with BADAYAT AL-AMAL For Trading Company committing to ensure that the Turkish company GSS fulfills all its obligations towards Almujtama Alraida Medical Co., in addition to its responsibility for marketing the products covered by the agreement. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Additional Information | The agreement is for a period of eight years, divided into two operational phases. |