Al Hammadi completes procedures to acquire 40% stake in Wareed Medical

A hospital of Al Hammadi Holding Co.

Al Hammadi Holding Co. completed the statutory procedures to amend the articles of association of Wareed Medical LLC with the Saudi Business Center, allocating 40% equity interest in favor of Al Hammadi.

In a statement to Tadawul today, Jan. 22, Al Hammadi said the company’s commercial register has also been amended by appointing two managerial representatives of Al Hammadi in Al Wareed’s board.

Accordingly, Al Hammadi became the owner of 40% of the share capital of Wareed Medical.

The transaction is expected to have a positive impact on the company’s profitability in 2026 and subsequent years, the statement added. According to data available on Argaam, Al Hammadi signed, in December 2025, a share subscription agreement to acquire a 40% stake in Wareed Medical for SAR 113 million.

Later, Al Hammadi received the General Authority for Competition’s (GAC) approval on the acquisition.