Riyadh – Mubasher: Middle East Healthcare Co. (MEAHCO) on Sunday announced progress pertaining to its Saudi German Hospital project in Dammam.

The project, whose actual work had commenced on 7 December 2016, has reached 30% completion as at 31 March 2018.

We expect the project to be completed by 6 June 2019, MEAHCO said in a filing to the Saudi Stock Exchange (Tadawul).

“Further updates on this project will be announced in due course,” the company concluded.

MEAHCO last reported a profit decrease of 17.25% to SAR 300.08 million for the full-year 2017 from SAR 362.64 million in 2016.