Equipment House gets new declaration from shareholder to retain at least 6.1% stake until 2024-end

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

Scientific and Medical Equipment House Co. (Equipment House) received today, March 23, a new declaration from one of the major shareholders, Matar Al-Arifi, to retain no less than 6.1% of the company’s shares until Dec. 31, 2024, according to a Tadawul statement.

This marked the third declaration to be received by Equipment House from its shareholders. Two others were received late last year from a number of the company's shareholders, affirming their commitment to retain a stake in the firm of no less than 50.07% of the total until Dec. 31, 2024.

Accordingly, these three declarations received from the company's shareholders brought their commitment to retain a percentage of the company's share ownership of no less than 56.17% of the total shares until the end of 2024.

Equipment House underlined that there is no financial impact as result of the above.