| 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 e-commerce marketing and services agreement with BADAYAT AL-AMAL For Trading Company, with the aim of BADAYAT AL-AMAL For Trading Company carrying out marketing, promotion and sales operations for Almujtama Alraida Medical Co. products within the Kingdom, in addition to providing the necessary technical support to develop and improve online retail operations. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Additional Information | This agreement shall commence from the effective date and shall continue for an initial period of three (3) years, in accordance with the agreed commercial framework 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. |