OTC 705 United Medical Services Company (UMS) held its Extraordinary General Assembly on July 29, 2025, where it approved the addition of Article (55) to its articles of incorporation.
The new article states:
“The company may purchase or sell its own shares (treasury shares) at market value, provided that the total does not exceed 10% of its issued shares, in accordance with Law No. 7/2010, its executive regulations and amendments, and under the oversight of relevant regulatory authorities. These actions remain subject to the approval of the Ministry of Commerce and Industry and other official bodies”.