Riyadh – Mubasher: Dallah Healthcare Company (DHC) on Wednesday announced signing a 90-day letter of intent (LoI) with Siemens Healthcare.

Under the agreement, Siemens Healthcare will operate and provide technical services to the radiology department at Dallah Hospital in Alnakheel for SAR 112 million ($29.86 million) a year, the kingdom-based firm said in a statement to the Saudi Stock Exchange (Tadawul).

In November 2018, Dallah extended a joint venture (JV) deal with AWJ Investment Co. to establish and operate a hospital in Jeddah.

By 12:58 pm Saudi time, Dallah’s stock rose 0.42% to SAR 48.20.