| Announcement Detail |
Mouwasat Medical Services Co. announces its decision to exit investment in Advanced Medical Projects Co. “Ltd” with a capital of SAR 10 million owned equally by Mouwasat Medical Services Co. and Magrabi Hospitals and Centers Co., which provides ophthalmology services from the building located next to Mouwasat Hospital in Dammam under the name of Magrabi Eye Center, and it has already been agreed between the two parties to extend the duration of The memorandum of association ending on 31/12/2022 to the end of 2025, and it was later amended that the service will continue to be provided by Magrabi Eye Center until the end of January 2024, and as of 01/02/2024, Mouwasat Hospital in Dammam will provide services to its patients from the same building through the Mouwasat Eye Center, and the company's management believes that this center will contribute positively to the financial results. The financial impact of the exit procedures will be announced as soon as it is finished. |
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