AME says Izdihar Al Awwal plans partial stake transfer to partner

Logo of AME Company for Medical Supplies

AME Company for Medical Supplies received today, Sept. 28, a letter from Izdihar Al Awwal Medical Co., stating the latter’s plan to transfer a partial stake in AME (as many as 170,070 shares, or about 2.43% of AME's share capital) to the investment portfolio of its current partner, according to a statement to Tadawul.

Any fundamental developments in this regard will be announced later, it noted.

The company received, on July 27, a letter from Izdihar Al Awwal Medical, stating the latter’s plan to transfer a partial stake in AME (reaching nearly 1.3% of AME’s share capital, or 90,704 shares) to the investment portfolios of its current partners. Accordingly, AME's major shareholders list will change, Argaam's data showed.