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Mowasat begins the actual operation of the Dammam hospital expansion project in early December

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Al-Mowasat Medical Services Company announced that it has received approval from the relevant authorities to manage the expansion building of Al-Mowasat Hospital in Dammam.

And the company said in a statement to “Saudi Tadawul” today Sunday that all requirements for actual operations have been completed, starting Wednesday, December 1, 2021.

The company expected that the operation of this expansion would help increase the revenues of the Mouwasat hospital in Dammam and that it would affect the company’s operating results starting in the fourth quarter of questAny development in the company’s financial results will be disclosed in the quarterly announcements.

Mouwasat Medical Services Company’s quarterly profit decreased 11.4% to 142.6 million riyals in the third quarter of 2021, compared to 161.1 million riyals in the third quarter of 2020.

And compared to the performance in the previous quarter, the company maintained stable profits of 141.3 million riyals.

In the first nine months of 2021, profits amounted to 431 million riyals, compared to 384.8 million riyals in the corresponding period of 2020, with a growth of 12%.

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