Al Hammadi extends MoU to buy 40% of Wareed Medical by 90 more days

26/10/2025 Argaam
Logo ofAl Hammadi Holding Co.

Logo of Al Hammadi Holding Co.

Al Hammadi Holding Co. extended the non-binding memorandum of understanding (MoU) to acquire a 40% stake in Wareed Medical LLC by an additional 90 days to finalize the related regulatory procedures.

 

The related financial impact will be determined after signing the share purchase agreement, the company said in a statement to Tadawul today, Oct. 26.

 

Al Hammadi signed in April a non-binding MoU to acquire a 40% stake in Wareed Medical, according to data available with Argaam.

 

In July, Al Hammadi extended the MoU by an additional 90 days, saying that this would enable the preparation of an independent assessment of feasibility and strategic alignment.

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