Saudi Advanced Industries Company (SASE:2120) acquired 49.9% stake in Canadian General Medical Center Complex Company (SASE:9518) from Khalid Mohamed Farhan Al-Dossary for SAR 24.9 million on August 24, 2023. Under the terms of agreement, Saudi Advanced Industries is purchasing of shares in the Canadian General Medical Center Complex Company of 3,846,000 shares valued at SAR 24,999,000. This deal is part of a company's evolving strategy to expand its investments and target the most vibrant sectors, investment attraction and alignment with Saudi Arabia's 2030 orientations and vision. There are no preferential or special conditions. Saudi Advanced Industries Company expects to show the financial impact of the deal in the third quarter of this year.

Saudi Advanced Industries Company (SASE:2120) completed the acquisition of 49.9% stake in Canadian General Medical Center Complex Company (SASE:9518) from Khalid Mohamed Farhan Al-Dossary on August 24, 2023.