Middle East Healthcare Company (Saudi German Hospital) announces the signing of the lease a contract with Bait Al Batterjee College for Medical Sciences and Technology Co. (a related party) for a hospital building specializing in Gynecology and Obstetrics

2020-09-07 Corresponding to 1442-01-19
 

Rent a hospital building specializing in Gynecology and Obstetrics surgery in Jeddah
 

2020-09-07 Corresponding to 1442-01-19
 

7,000,000 SAR
 

Rent hospital building from Bait Al Batterjee College for Medical Sciences and Technology Co. that is specialized in Gynecology and Obstetrics surgery and is located in Jeddah. It has preliminary license from the Ministry of Health and is fully equipped. Length of the lease period is 4 years starting on 01/04/2021 and end on 31/03/2025 with the possibility of renewal. The company will be provided with 2 years grace period from the date of validity of the contract without any conditions or preferential terms. The cost of rent for the 3rd and 4th years will be 3,500,000 SAR (Three Million Five Hundred Thousand SAR only) each.
 

4years

After opening and operating the hospital which is expected to be on the second quarter of 2021.
 

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

Company will announce any important development regarding lease of contract and operation of the hospital on time.