Dr. Sulaiman Al Habib Medical Services Group Company (the "Group") has disclosed that it received a letter on Tuesday, February 27, 2024, from Mohammed Abdulaziz Al Habib and Sons Holding Company ("the Shareholder"), a significant stakeholder owning 33.753% of the Group's shares. The letter outlines the Shareholder's intention to conduct an internal restructuring transaction, involving the transfer of 17,430,000 shares of Dr. Sulaiman Al Habib Medical Services Group Company. These shares, currently held by Mohammed Abdulaziz Al Habib and Sons Holding Company, will be shifted to the investment portfolio of an affiliated company wholly owned by the same shareholder. This action will lead to a modification in the ownership of shares held by one of the major direct shareholders in Dr. Sulaiman Al Habib Medical Services Group Company as reflected on the Tadawul website.
