Miral Medical Clinics Company announces the latest developments regarding the signing of a lease agreement for a new branch in Riyadh with Abdulrahman Mohammed Al-Ateeq Real Estate Office, for the purpose of establishing dental clinics.

Element List	Explanation
Introduction	With reference to Miral Medical Clinics Company's announcement published on Tadawul's website on November 24, 2024, regarding the lease of premises for a new branch in Riyadh, Al-Aarid District, Prince Khalid bin Bandar bin Abdulaziz Road, with an area of (881.25 m²), from Abdulrahman Mohammed Al-Ateeq Real Estate Office, to establish dental clinics as a new branch of the company to provide dental medicine, treatment, and cosmetic services for a period of (10) years, the company wishes to clarify that on June 3, 2026, the contract concluded with the lessor, Abdulrahman Mohammed Al-Ateeq Real Estate Office, was amended by changing the contract start date to September 10, 2026, instead of June 1, 2025, for a period of 10 years, with a total value of (17,250,000) Saudi Riyals inclusive of VAT, instead of (18,400,010) Saudi Riyals, and an annual rent of (1,725,000) Saudi Riyals inclusive of VAT. The amount added instead of (1,840,001) Saudi Riyals. The company would also like to clarify that it paid the rental amount for the first year at the start of the previous contract, and this amount will be calculated from the beginning of the new contract. This amendment is due to the lessor's inability to hand over the premises on the previously agreed date because of non-compliance with certain contractual requirements, including failure to meet municipal requirements for obtaining the necessary permits for the premises. The financial impact of this contract is expected to begin during the third quarter of 2026, coinciding with the branch's actual operation.
Previous Announcement	Miral Medical Clinics Company announces the signing of a lease agreement for a new branch in Riyadh with Abdulrahman Mohammed Al-Ateeq Real Estate Office, for the purpose of establishing dental clinics.
Date of Previous Announcement on Saudi Exchange’s Website	2024-11-24 Corresponding to 1446-05-22
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	On June 3, 2026, the lease agreement with the lessor, Abdulrahman Mohammed Al-Ateeq Real Estate Office, was amended by changing the start date to September 10, 2026, instead of June 1, 2025, for a period of 10 years. The total value of the lease is SAR 17,250,000 (including VAT), instead of SAR 18,400,010, and the annual rent is SAR 1,725,000 (including VAT), instead of SAR 1,840,001. The rent for the first year, starting from the new lease start date, will be deducted from the amount paid, and the remaining balance will be carried over to the following year. Rent will then be paid annually thereafter. The financial impact of this agreement is expected to begin in the third quarter of 2026, coinciding with the branch's actual operation.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Additional Information	The company also confirms that the contract does not involve any related parties. The company will announce any developments related to this matter as soon as they occur.