Almujtama Alraida Medical Co. Announces the approval of the Board of Directors to contract with the Bright Screens Company (a related party) in the amount of 1,767,780 Saudi riyals

Almujtama Alraida Medical Co. Announces the approval of the Board of Directors to contract with the Bright Screens Company (a related party) in the amount of 1,767,780 Saudi riyals

Element List

Explanation

Introduction

Almujtama Alraida Medical Co. announces the approval of the Board of Directors based on the license granted to the Board of Directors by the General Assembly held on June 18, 2023, granting it the powers of the General Assembly in accordance with the first and second paragraphs of Article Twenty-Seven of the Companies Law for a period of one year from the date of the Association to contract with the Bright Screens Company. Commercial Registry No. 4030496645 - one-person company - wholly owned by Mr. Muhammad Omar Yousef Khojah (related party), to supply and install display screens for the company’s branches for a total amount of 1,767,780 Saudi riyals, including VAT. As it is considered one of the best offers presented to the company, the issue will be presented to the next general assembly.

Transaction Details

Supply and installation of advertising screens

Transaction Value

1,767,780 Saudi riyals, including VAT

Transaction Terms

Supply and installation of screens for 80 branches with a two-year warranty

Parties of the Transaction

Bright Screens Company Leading Community Medical