Element List

Explanation

Announcement Detail

Balsm Alofoq Medical Co announces to its valued shareholders that it has obtained a license from the Ministry of Health to practice dermatology at its branch located in Al-Qassim – Buraidah, Al-Nahda District, Abu Bakr Al-Siddiq Street. In this regard, the company wishes to clarify that, God willing, the dermatology department is scheduled to launch and begin operations and receiving patients starting March 1, 2026. This specialization is a step in the company's strategy to expand its departments, achieve the desired growth in its operations, and increase its ability to serve patients by providing more of its distinguished services to a wider area within the Kingdom, particularly in rapidly growing residential areas. It is expected that the department's operation will positively contribute to the company's results starting from the first half of 2026 through revenue growth and increased operating margins. Any significant developments related to this matter will be announced in due course.