Middle East Healthcare Company (Saudi German Health) Announces that it Has Received the Final Approval from the Ministry of Health to Increase the Capacity of the Saudi German Hospital in Dammam to 300 Beds

The Middle East Healthcare Company (Saudi German Health) announces that it has obtained final approval from the Ministry of Health to expand the capacity of the Saudi German Hospital in Dammam from 150 beds to 300 beds. This expansion has been achieved without any additional construction costs, as the hospital was previously built to standards that allow for such an expansion efficiently.

Financial Impact on the Company:

This expansion is expected to have a positive effect on the company's financial performance, resulting in:

- Increased revenues through the accommodation of a larger number of patients without additional construction costs.

- Enhanced operational efficiency by making optimal use of the existing infrastructure, which will strengthen the hospital's value and competitiveness in the healthcare sector.

- An improvement in healthcare services and an increased ability of the hospital to meet the growing demand.

The company reaffirms its ongoing commitment to developing medical services in line with the highest standards.