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Middle East Healthcare Company (Saudi German Hospital) announces the latest developments on Saudi German Hospital project in Dammam

SAUDI GERMAN HEALTH 4009 58.50% 110.00 40.60
Element List Explanation
Introduction With regard to the announcement that was published on Tadawul dated 27/07/1440 H corresponding to 03/04/2019 regarding the latest developments on Saudi German Hospital project in Dammam the Company updates as follows:

1. Actual work on the project started on 7th December 2016.

2. As on 09/05/2019 the overall project completion rate is 93%.

3. Project is expected to be completed by 6th June 2019.

4. There is no change in the cost of this project.

5. Further updates on this project will be announced in due course.

Date of previous announcement 2019-04-03 Corresponding to 1440-07-27
Progress % 93%
Expected completion date of the event 06/06/2019
Expenses related to the event and whether it changed or not with the justification No
Additional Information For further information SGH Dammam is planned as a multi specialty tertiary care hospital under construction with a capacity of 150 beds and 100 outpatient clinics. SGH Dammam is located on King Fahad road west of Faisaliah area in the city of Dammam which will be built on a plot of land with an area of 30,000m2 owned by the Company Total built up area is 39041 m2. The hospital building consists of inpatient and outpatient facilities critical care units operating rooms and laboratories in addition to other support functions.

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