Riyadh – Mubasher: Middle East Healthcare Co's (Saudi German Hospital) board recommended awarding a contract for the miscellaneous renovation works for its hospitals to International Hospital Construction Company.

The cost of the project amounts to SAR 93.33 million and is expected to be financed through internal cash generation of the company.

The duration of the contract is three years, starting from the date of awarding the contract, according to a bourse filing on Thursday.

The hospital facilities require the planned renovations to meet the increasing business needs, which will have a positive impact on the hospital's revenues.