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Saudi German Hospital awards expansion deals to IHCC

Saudi German Hospital awards expansion deals to IHCC
Saudi German Hospital awards expansion deals to IHCC
SAUDI GERMAN HEALTH
4009
0.58% 69.40 0.40

Riyadh – Mubasher: Middle East Healthcare (Saudi German Hospital) has announced signing an agreement with International Hospitals Construction Co. Ltd. (IHCC) to design and establish an outpatient tower and expand inpatient beds in Riyadh.

IHCC will also construct a hospital and staff housing unit in Makkah and Dammam, Saudi German Hospital said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

The deals will last for 36 months, starting from the signing date, while projects are expected to be completed by 4 August 2021.

Saudi German Hospital further noted that there would be no extra costs for these projects.

By 11:51 am Saudi time, Saudi German Hospital’s stock fell 0.52% to SAR 57.