Arabian International Healthcare Holding Co. Announces the signing of a definitive Joint Venture Agreement with UNILABS DIAGNOSTICS AB to establish a Limited Liability Company owned 51% by UNILABS – 49% by TIBBIYAH in the Kingdom of Saudi Arabia.

Arabian International Healthcare Holding Co. Announces the signing of a definitive Joint Venture Agreement with UNILABS DIAGNOSTICS AB to establish a Limited Liability Company owned 51% by UNILABS – 49% by TIBBIYAH in the Kingdom of Saudi Arabia.

|Element List||Explanation|

|Announcement Detail|| Arabian International Healthcare Holding Company (“TIBBIYAH”) listed on the Saudi Exchange Market (“Nomu”) under (SYMBOL: TIBBIYAH/9530) (ISIN:SA15H194KT19), a leading integrated healthcare solutions provider in the Kingdom, today announced that it has entered into a definitive Joint Venture Agreement to cooperate with UNILABS DIAGNOSTICS AB in the formation and operation of a limited liability company to be called Saudi European Diagnostics Company (“SEDC”) in the Kingdom to be owned 51% by UNILABS – 49% by TIBBIYAH, to provide diagnostic imaging services to hospitals, medical centers and clinics and invest in, operate, manage and maintain departments or divisions of hospitals, medical centers and clinics specializing in diagnostic imaging services in the public and private sectors.

|

The establishment of SEDC represents TIBBIYAH’s continuous investment in the healthcare services vertical, being a milestone that is in line with its strategy to become a diversified healthcare holding company. Eventually, with a compelling value creation proposition for TIBBIYAH and its shareholders, SEDC is expected to be value accretive, with a clear plan to grow the business generally and in diagnostic imaging services and radiology services particularly.

Unilabs is one of Europe’s leading diagnostics companies, offering a complete range of laboratory, pathology, and imaging services to