Arabian International Healthcare Holding Company, previously on 27 July 2022, announced that it has entered into a definitive Joint Venture Agreement with BGI ALMANAHIL HEALTH FOR MEDICAL SERVICES (a subsidiary company of BGI Health (HK) Co., Ltd) in the formation and operation of a limited liability company in the Kingdom to be owned 50% by BGI ALMANAHIL HEALTH FOR MEDICAL SERVICES and 50% by TIBBIYAH, in order to provide clinical laboratory testing services and bioinformation services to hospitals, research institutes, medical centers and clinics for both in the public and private sectors. Therefore; Tibbiyah announced that the New Company Commercial Registration has been issued as per the Saudi Regulations and procedures; The new Company is registered under the Commercial Name: GenaLive Medical Co.
Percentage of fulfilled achievement: 100%. Event's Expected Completion Date: December 25, 2022 (Commercial Registration issuance Date). Additional Information: The transaction has sought all regulatory approvals and satisfied all condition precedents including the non-objection certificate received from General Authority of Competition.