AME major shareholder Ezdihar Al-Oula seeks shares transfer to partners

Logo of AME Company for Medical Supplies

AME Company for Medical Supplies received on April 11 a letter from major shareholder Ezdihar Al-Oula Medical Co. noting the company’s intention to transfer a part of its 714,290 shares in AME, or 10.2% of AME’s total share capital, to Ezdihar Al-Oula current partners’ investment portfolios.

In a statement to Tadawul, the company pointed out the transaction will result in a change to AME’s list of major shareholders.

Any material developments in this regard will be announced later, the statement added.

Ezdihar Al-Oula is AME’s major shareholder with a 21.43% stake, Argaam earlier reported.