Dallah Healthcare signs SAR 159 mln finishing works contract for Namar Hospital phase II

Logo of Dallah Healthcare Co.

Dallah Healthcare Co. signed today, Dec. 26, a contract worth SAR 159 million with Youssef Marroun Contracting Co. for the mechanical, electrical and finishing works of the second phase of Dallah Namar Hospital, according to a statement to Tadawul.

Under the 13-month contract, Youssef Marroun will complete and equip the clinics building for the hospital’s phase II, bringing the facility to its maximum capacity after completion.

This will have a positive impact on Dallah Healthcare’s financial results when the above phase starts operating in 2024, it noted, adding that there are no related parties.

On April 21, Dallah Healthcare obtained the approval of the Ministry of Health to ramp up the capacity of Dallah Namar Hospital by 150 beds, bringing up its total capacity to 300 beds, according to Argaam's data.