Olayan Saudi Holding Company, Vamed to open hospital in Riyadh

Olayan Saudi Holding Company, Vamed to open hospital in Riyadh

Olayan Financial Company (OFC), represented by Olayan Saudi Holding Company (OSHCO), and Vamed Group, the Austria-headquartered healthcare provider, have partnered to open a new rehabilitation and long-term care hospital in Saudi Arabia with 150-bed capacity. The facility will provide inpatients and outpatients advanced medical and non-medical services to insured patients, government-referred patients and patients who pay cash. The facility is the first of several planned as part of OSHCO’s strategy to expand its healthcare investment portfolio, and will begin operations in Riyadh in the second quarter of 2024 and offer rehabilitation and post-acute long-term care. The announcement follows the establishment of a medical investment partnership between Olayan Saudi Holding Company and Vamed Group in February. As part of the alliance, OSHCO and Vamed will jointly establish, operate and manage hospitals in the Eastern and Western Regions of Saudi Arabia and various cities in the GCC/Middle East. Engineer Uwaidh Alharthey, chief executive officer of Olayan Saudi Holding Company, said: “We are pleased to announce a new major milestone on our growth journey as we endeavor to open our first rehabilitation and long-term care hospital in Riyadh in partnership with Vamed Group. “The healthcare sector in Saudi Arabia and the wider region