Al Hammadi to Buy 40% Stake in Wareed Medical

01:19 AM EST, 12/03/2025 (MT Newswires) -- Al Hammadi Holding (SASE:4007) entered into a share subscription deal to purchase a 40% stake in Wareed Medical, according to a Wednesday release. The Saudi Arabian integrated healthcare group will pay 113 million Saudi riyals for the transaction, which is still subject to conditions and regulatory approvals. As part of the deal, the company will invest in Wareed Medical for its expansion plans. It will initially pay 20 million riyals, with the rest to be paid in installments in five years.