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Middle East Healthcare Company (Saudi German Hospital) announces the latest developments regarding its projects in Makkah Riyadh and Dammam

SAUDI GERMAN HEALTH 4009 58.50% 110.00 40.60

Referring to the company announcements on the Tadawul website on 19/03/2018 and 08/05/2018 regarding the awarding of contracts for the design and construction Outpatient tower project and Inpatient beds expansion in SGH Riyadh AND awarding of contracts for the design and construction of Makkah Hospital and Staff Housing in Makkah and Dammam to IHCC (Related Party).
Middle East Healthcare Company (Saudi German Hospital)announces the latest developments related to the above projects as follows:
1.The above projects contracts were signed on 04/08/2018.
2.The above projects will be started on 05/08/2018.
3.The duration of the contracts is 36 months from the date of awarding the contract.
4.The company expects that the projects will be completed on 04/08/2021.
5.There is no change in the costs of those projects
6.Our latest developments regarding these projects will be announced in due course

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