Scientific & Medical Equipment House Co. announces that on Wednesday, 27 Sha’ban 1446H (corresponding to 26 February 2025), it received a signed declaration from a number of the company’s shareholders, which includes the following details:
• The declaration is signed by members of the Board of Directors and several major shareholders of the company, totaling six (6) shareholders, each holding an individual stake of at least 5% of the company's total shares. These shareholders: Matar bin Saud Al-Arifi, Bandar bin Saud Al-Arifi, Barakat bin Saud Al-Arifi, Bashir bin Saud Al-Arifi, Basel bin Saud Al-Arifi, and Badr bin Saud Al-Arifi, confirm their commitment to retaining no less than 5% of the company’s total shares each, from the date of the declaration until 31 December 2026.
• Additionally, the declaration includes commitments from eleven (11) other shareholders, each currently holding less than 5% of the company's shares, but collectively owning no less than 13% of the company’s total shares. These shareholders have committed to maintaining their respective stakes such that their combined ownership remains at no less than 13% of the company’s total shares from date of the declaration until 31 December 2026.
As a result, the signatories of this declaration collectively commit to maintaining an ownership stake of no less than 43% of the company's total shares from date of the declaration until 31 December 2026. Furthermore, the shareholders mentioned in the declaration have pledged to subscribe to additional shares if necessary to ensure the maintenance of this percentage in the event of any changes to the company’s capital.
