Mouwasat to build new hospital at SAR 335m cost
- Date: 27-Jun-2022
- Source: Mubasher
- Sector:Healthcare
- Country:Saudi Arabia
Mouwasat to build new hospital at SAR 335m cost
Riyadh – Mubasher: The board of Mouwasat Medical Services Company has approved the establishment of a new hospital in Al Qadisiyya neighbourhood.
The total cost of the project, which will be located in Riyadh, is SAR 355 million, according to a bourse disclosure on Monday.
The board, which held its meeting on 27 June, nodded for funding 25% of the project from self-resources, while the remaining 75% will be obtained from local banks.
Mouwasat Medical recently penned a contract with Tareg Al Jaafari Contracting Company to build a hospital in Al Sawari.