Middle East Healthcare Company (Saudi German Health) Announcement Regarding the Board of Directors’ Approval to Open an Outpatient Clinics Complex in Riyadh

3 March 2025

Introduction
Announcement Detail	The Middle East Healthcare Company (Saudi German Health) announces that its Board of Directors has approved, on March 2, 2025, the opening of an Outpatient Clinics Complex in Al-Taawun district, Riyadh, with a capacity of 21 clinics covering various medical specialties. The estimated cost of the project is SAR 22 million, which includes medical equipment, furniture, and supplies. The project will be fully financed through the company’s internal cash flow, and inpatients will be referred to the inpatient department at Saudi German Hospital in Riyadh. The company will begin obtaining the necessary licenses from the relevant authorities, and any material developments regarding the project’s implementation and operations will be announced in due course. The financial impact of this project is expected to be positive as operations gradually develop.

Introduction

Announcement Detail

The Middle East Healthcare Company (Saudi German Health) announces that its Board of Directors has approved, on March 2, 2025, the opening of an Outpatient Clinics Complex in Al-Taawun district, Riyadh, with a capacity of 21 clinics covering various medical specialties.

The estimated cost of the project is SAR 22 million, which includes medical equipment, furniture, and supplies.

The project will be fully financed through the company’s internal cash flow, and inpatients will be referred to the inpatient department at Saudi German Hospital in Riyadh.

The company will begin obtaining the necessary licenses from the relevant authorities, and any material developments regarding the project’s implementation and operations will be announced in due course.

The financial impact of this project is expected to be positive as operations gradually develop.