Logo of Saudi German Health

Middle East Healthcare Co.’s (Saudi German Health) board of directors approved to enter as an investor partner in Sobhi Abdul Jalil Batterjee Medical Hospital in Jeddah, according to the bourse filing.

 

The company will contribute SAR 70 million, or 23.33% of the project's capital of SAR 300 million, provided that the contribution will be paid during 2022 and 2023.

 

Saudi German Health signed on Jan. 28, 2021 a non-binding memorandum of understanding (MoU) with Sobhi Abdul Jalil Batterjee Medical Hospital in Jeddah to enter as an investor partner in the hospital in exchange for cash, according to Argaam.  

 

In October 2021, Saudi German Health agreed with Al Sobh New Medical Co., a related party that owns Sobhi Abdul Jalil Batterjee Medical Hospital, to extend a memorandum of understanding (MoU) to enter as an investor partner in the hospital, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi German Health extends MoU with Sobhi Abdul Jalil Batterjee Medical Hospital
Saudi German Hospital signs MoU with Sobhi Abdul Jalil Batterjee Medical Hospital to enter as investor partner

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request