Correction Announcement from Middle East Healthcare Co.(Saudi German Health) in Regard to the Company’s Announcement to Invite its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting)

04/06/2024 Tadawul
Element List Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website 2024-05-23 Corresponding to 1445-11-15
Hyperlink to the Previous Announcement Click Here
Incorrect statements in the previous announcement The Middle East Healthcare Company (Saudi German Health) wants to inform its valued shareholders that that the items of the Extraordinary General Assembly meeting were as follows:

 

 

20. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board Eng. Sobhi Abdul-Jalil Batterjee and a member of the Board of Directors Dr. Khaled Abdel-Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul-Jalil Batterjee have indirect interest in it, The nature of transaction is the contract of restoration and the renewal of the company's hospitals at an amount of 346,526,924 SAR for three years and the amount of (53,061,563 SAR) was dealt during the year 2023G, and this contract was made without conditions or preferential benefits.

 

21. To vote on the business and contracts concluded between the company and the International Hospital Construction Company, in which the Chairman of the Board Eng. Sobhi Abdul-Jalil Batterjee and a member of the Board of Directors Dr. Khaled Abdel-Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul-Jalil Batterjee have indirect interest in it, The nature of Transaction is the construction Staff housing at SGH Makkah which amount (113,732,085 SAR) for 36 months, and the amount of dealing was (18,806,422 SAR) during the year 2023G. This contract was made without conditions or preferential benefits.

 

22. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it, The nature of Transaction is the construction Outpatient Tower at the Saudi German Hospital in Riyadh for the amount of (132,621,449 SAR) for 36 months, and the amount of dealings was (1,763,788 SAR) during the year 2023 G. This contract was made without conditions or preferential benefits.

 

23. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it. The nature of the Transaction is the construction of Inpatient Beds Expansion at the Saudi German Hospital in Riyadh, at an amount of (61,040,987 SAR) for 36 months, the transaction amount was (9,199,906 SAR) during the year 2023G. This contract was concluded without conditions or preferential benefits.

 

24. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it. The nature of the Transaction is the construction of Western Tower & Relocation of Existing Services at the Saudi German Hospital in Jeddah, at an amount of (223,301,009 SAR) for 36 months, the transaction amount was (3,425,059 SAR) during the year 2023G. This contract was concluded without conditions or preferential benefits.

Correct Statement The items have been amended to read as follows:

 

 

20. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board Eng. Sobhi Abdul-Jalil Batterjee, Vice-Chairman of the Board of Directors, Dr. Makarem Sobhi Abdel-Jalil Batterjee, and a member of the Board of Directors Dr. Khaled Abdel-Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul-Jalil Batterjee have indirect interest in it, The nature of transaction is the contract of restoration and the renewal of the company's hospitals at an amount of 346,526,924 SAR for three years and the amount of (53,061,563 SAR) was dealt during the year 2023G, and this contract was made without conditions or preferential benefits.

 

21. To vote on the business and contracts concluded between the company and the International Hospital Construction Company, in which the Chairman of the Board Eng. Sobhi Abdul-Jalil Batterjee, Vice-Chairman of the Board of Directors, Dr. Makarem Sobhi Abdel-Jalil Batterjee, and a member of the Board of Directors Dr. Khaled Abdel-Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul-Jalil Batterjee have indirect interest in it, The nature of Transaction is the construction Staff housing at SGH Makkah which amount (113,732,085 SAR) for 36 months, and the amount of dealing was (18,806,422 SAR) during the year 2023G. This contract was made without conditions or preferential benefits.

 

22. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee, Vice-Chairman of the Board of Directors, Dr. Makarem Sobhi Abdel-Jalil Batterjee, and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it, The nature of Transaction is the construction Outpatient Tower at the Saudi German Hospital in Riyadh for the amount of (132,621,449 SAR) for 36 months, and the amount of dealings was (1,763,788 SAR) during the year 2023 G. This contract was made without conditions or preferential benefits.

 

23. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee, Vice-Chairman of the Board of Directors, Dr. Makarem Sobhi Abdel-Jalil Batterjee, and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it. The nature of the Transaction is the construction of Inpatient Beds Expansion at the Saudi German Hospital in Riyadh, at an amount of (61,040,987 SAR) for 36 months, the transaction amount was (9,199,906 SAR) during the year 2023G. This contract was concluded without conditions or preferential benefits.

 

24. To vote on the business and contracts concluded between the company and the International Hospitals Construction Company, in which the Chairman of the Board of Directors Eng. Subhi Abdul Jalil Batterjee, Vice-Chairman of the Board of Directors, Dr. Makarem Sobhi Abdel-Jalil Batterjee, and a member of the Board of Directors Dr. Khaled Abdel Jalil Batterjee and a member of the Board of Directors Mr. Sultan Subhi Abdul Jalil Batterjee have indirect interest in it. The nature of the Transaction is the construction of Western Tower & Relocation of Existing Services at the Saudi German Hospital in Jeddah, at an amount of (223,301,009 SAR) for 36 months, the transaction amount was (3,425,059 SAR) during the year 2023G. This contract was concluded without conditions or preferential benefits.

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