Logo of Middle East Healthcare Co. (Saudi German Health)
Middle East Healthcare Co.’s (Saudi German Health) board of directors approved, on March 2, opening a new outpatient clinic complex in Riyadh, at an estimated cost of SAR 22 million, including equipment and supplies, according to a statement to Tadawul.
For more news and details on the projects
The complex will include 21 clinics covering various medical specialties. It will be fully financed through the company’s internal cash flows, and inpatients will be referred to Saudi German Hospital in Riyadh.
The medical services provider said it will proceed with obtaining the necessary licenses from the relevant authorities and will announce any developments in due course.
The project will likely have a positive financial impact as operational activities gradually develop, the statement added.
Be the first to comment
Comments Analysis: