Home Business A branch of “Sulaiman Al Habib” signs a contract worth 244 million...

A branch of “Sulaiman Al Habib” signs a contract worth 244 million riyals to carry out work on the hospital project

Dr. Sulaiman Al Habib Medical Services Group Company announced approval by the Board of Directors to award and sign its subsidiary, Al Gharb Specialist Hospital for Medical Care, a contract for the construction of electrical and mechanical works for the Maternity and Children’s Hospital project with Masah Contracting Company (related party).

And “Sulaiman Al-Habib” declared in a statement on “Tadawul Saudi Arabia”, today, Monday, that the value of the contract is about 244.2 million riyals, with value added tax.

He added that the contract duration is 9 months and that the project is expected to have a financial impact on the company’s results when it enters in function, which is expected to be in 2024.

He explained that this contract will be presented at the next General Assembly in compliance with relevant regulations.

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