Equipment House gets declarations from shareholders to retain 50.07% of shares until 2024-end

Logo of Scientific and Medical Equipment House Co. (Equipment House)

Scientific and Medical Equipment House Co. (Equipment House) received, on Dec. 29, two declarations from some shareholders to retain 50.07% of the company’s shares until Dec. 31, 2024.

In a statement to Tadawul, Equipment House said that the first declaration was signed by a number of major shareholders and board members to retain no less than 30.5% of the company’s total shares.

These shareholders are Bandar bin Saud Al-Arifi, Barakat bin Saud Al-Arifi, Bashir bin Saud Al-Arifi, and Basil bin Saud Al-Arifi, in addition to Badr bin Saud Al-Arifi, each of whom currently owns no less than 6.1% of total shares, will retain pro rata no less than 6.1% of the company’s total shares.

Under the second declaration, 11 shareholders, each of whom currently owns less than 5% of the company's shares and collectively own no less than 19.57% of total shares, will retain pro rata no less than 19.57% of the company’s total shares.