“Suleiman Al Habib”: land lease for 30 million riyals in Medina

Dr. Sulaiman Al Habib Group for Medical Services “Sulaiman Al Habib” announced that it has received a letter awarding a lease from the Municipality of the Medina Region to invest a land located in King Abdullah bin Abdulaziz Road after the second notary of the city of Medina, establishing, managing and maintaining a hospital on the assigned land.

Dr. Sulaiman Al Habib Medical Services Group said in a statement on The site web of the Saudi stock exchange “Tadawul” today, Sunday, that the contract value is 30.19 million riyals (excluding VAT) representing the total value of the lease for a period of 50 years.

The group clarified that the Municipality of the Medina region leases to the company the plot of land located in the Mudhainib district in the Mitan region of Medina, which is located on King Abdullah bin Abdulaziz Road after the second notary, with an area of ​​18, 77 thousand square meters to invest in the creation, management and maintenance of a hospital on the assigned land.

Suleiman Al-Habib confirmed that there are no parties related to the agreement, explaining that he will announce any future developments in this regard. in compliance with the relevant regulations.

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