Basma Adeem Signs MOU for Dental Complex Acquisition

SMILE CARE 0.00%

SMILE CARE

9626.SA

5.61

0.00%

On April 9, 2026, Basma Adeem Medical Co. announced signing a non-binding Memorandum of Understanding with Al-Ajaji Trading Company to acquire 100% stake in Fahad Abdullah Al-Ajaji Dental Complex Company, which specializes in dental and dermatology clinics with three branches in the Qassim region. The MOU, signed on April 8, 2026, is valid for 6 months and aims to strengthen Basma Adeem's presence in the medical sector as part of its expansion strategy. The acquisition structure will combine cash, new share issuance, and performance-linked deferred payments, with the final value to be determined after financial valuation and due diligence completion. Currently, there is no financial impact, and the company will announce material developments as they occur.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94319&anCat=1&cs=9626&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.