premargin

Element List	Explanation
Introduction	Qomel is pleased to announce the signing of an agreement on 16/03/2026 with the owner of the company’s share capital to acquire a 75% stake in “Kan Medical Company,” a single-owner limited liability company. The transaction value amounts to SAR 3,000,000 (three million Saudi riyals).
Transaction Details	Acquisition of a 75% stake in the share capital of “Kan Medical Company, a single-owner limited liability company,” and transfer of ownership of these shares to Qomel.
Transaction Amount	Three million Saudi riyals
Transaction Conditions	NA
Parties of the Transaction	Seller: Mohammed bin Sultan Rashid Al-Mutairi Buyer: Qomel Company
Transaction Financing Method	Through the company’s internal resources.
Date of Entering Into The Transaction	2026-03-16 Corresponding to 1447-09-27
Description of Activity of The Asset Subject of The Transaction	Manufacturing of medical devices
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	the audited financial statements are not available for the past three years, as the company is newly established in the Saudi market.
Transaction reasons	To achieve the company’s strategic objectives aimed at strengthening its presence in the medical devices sector, as well as expanding Qomel Company’s business base by leveraging the growing opportunities in the sector in line with the company’s strategic plans. Kan Medical Company is considered one of the specialized companies in the field of medical device manufacturing.
Expected Impact of the Transaction on the Company and Its Operations	The financial impact of this transaction is expected to be reflected in the second half of the fiscal year 2026.
Related Parties	None

Announcement by Qomel Company (Qomel) regarding the signing of an agreement to acquire a 75% stake in the share capital of “Kan Medical Company” for a value of SAR 3,000,000.