‎Al-Modawat says Qeyam Holding will transfer 8.01M shares to partners

Al-Modawat Specialized Medical Co. received yesterday, Aug. 11, a notice from QeyamHolding Co.-one of its major shareholders, holding a 60.4% stake- stating its intention to undergo an internal restructuring and transfer 8.01 million of its shares in Al-Madawah to investment portfolios owned by partners in Qeyam Holding Co.

This transaction will result in a change in Al-Modawat major shareholders’ ownership structure as reflected on the Tadawul website.

This announcement aligns with the company’s commitment to transparency and disclosure, while keeping shareholders and the public informed of the relevant developments.

Al-Modawat Specialized Medical Co. received yesterday, Aug. 11, a notice from QeyamHolding Co.-one of its major shareholders, holding a 60.4% stake- stating its intention to undergo an internal restructuring and transfer 8.01 million of its shares in Al-Madawah to investment portfolios owned by partners in Qeyam Holding Co.

This transaction will result in a change in Al-Modawat major shareholders’ ownership structure as reflected on the Tadawul website.

This announcement aligns with the company’s commitment to transparency and disclosure, while keeping shareholders and the public informed of the relevant developments.