Middle East Healthcare Company (Saudi German Health) Announces the Signing of a Contract with Al-Sobh New Medical Company for Sobhi Abdul Jalil Batterjee Hospital "Related Party” Located in the City of Jeddah

6 March 2025

Introduction	Introduction Middle East Healthcare Company (Saudi German Health) announces the signing of a contract for the trademark and brand name usage (Saudi German Hospital) with Al-Sobh New Medical Company, the owner of Sobhi Abdul Jalil Batterjee Hospital "Related Party” Located in the City of Jeddah, Al Rehab District.
Date of Announcement of the Award	2024-12-10 Corresponding to 1446-06-09
Contract Subject Matter	Contract for the trademark and brand name usage (Saudi German Hospital) with Al-Sobh New Medical Company, the owner of Sobhi Abdul Jalil Batterjee Hospital "Related Party” Located in the City of Jeddah, Al Rehab District.
The Entity with Which the Contract was Signed	Al-Sobh New Medical Company
Date of Signing the Contract	2025-03-06 Corresponding to 1446-09-06
Contract Value	Contract for the trademark and brand name usage (Saudi German Hospital) with Al-Sobh New Medical Company, the owner of Sobhi Abdul Jalil Batterjee Hospital "Related Party” Located in the City of Jeddah, Al Rehab District.
Contract Details	Contract for the trademark and brand name usage (Saudi German Hospital) with Al-Sobh New Medical Company, the owner of Sobhi Abdul Jalil Batterjee Hospital "Related Party” Located in the City of Jeddah, Al Rehab District.
Contract Duration	(10) years, commencing from the date of signature of the contract ending on the date of 05/03/2035AD.
Financial Impact and the Relevant Period	This contract will have a positive impact on the company, as it will result in receiving stable revenue of 10% of the hospital's monthly net profit over ten years, starting from the point where it achieves net profits. This will enhance cash flow and profitability positively without any risks to the company's profits or assets, contributing to the improvement of the company's financial stability.
Related Parties	Eng. Sobhi Abdul Jalil Batterjee (Chairman of the Board) Dr. Makarem Sobhi Abdul Jalil Batterjee (Vice Chairman of the Board) Dr. Khaled Abdul Jalil Batterjee (Member of the Board) Mr. Sultan Sobhi Abdul Jalil Batterjee (Member of the Board)
Additional Information	The hospital’s building will consist of 70 outpatient clinics covering all medical specialties, in addition to a patient admission department, radiology, laboratories, and all other supporting departments. According to the initial license from the Ministry of Health, the hospital's bed capacity is 200 beds.