Almujtama Medical unveils updates in MoU with Meem Alif Investment

19/12/2024 Argaam
Logo ofAlmujtama Alraida Medical Co.

Logo of Almujtama Alraida Medical Co.

Almujtama Alraida Medical Co. received a letter from Meem Alif Investment Co., confirming the latter’s rebranding to Muhammad Abdullah Abunayan Investment Co.

 

In a statement on Tadawul today, Dec. 19, the company disclosed an update to the investment firm’s ownership structure.

 

 

Previously, the partners were Rakan Abunayan (50%), Ghada Abunayan (25%), and Yara Abunayan (25%). Under the new structure, Rashid Abunayan owns 51%, Rakan Abunayan (16%), Khaled Abunayan (11%), Ghada Abunayan (11%), and Yara Abunayan (11%).

 

The company confirmed that Muhammad Abdullah Abunayan Investment remains committed to the terms of the MoU that was earlier signed with the former entity, Meem Alif Investment.

 

It also noted that the company holds a 9.18% stake in Almujtama Medical as of this announcement.

 

In June, Almujtama Medical signed a one-year non-binding MoU with Meem Alif Investment to collaborate on pharmaceuticals and medical supplies, Argaam’s data showed.

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