Riyadh - Mubasher: Middle East Healthcare Company announced the awarding of the contract for the construction of Saudi German Hospital in Dammam to International Hospital Construction Company, according to a bourse filing.

The SAR 336.4 million contract included providing medical equipment and furniture, construction is set to start from 7 December 2016, and is expected to be completed by 6 June 2019.

The company also said that the project is expected to be financed by Islamic financing through a local bank for an amount of SAR 300 million with the rest of the amount financed through internal generation of the company.