Middle East Healthcare Company (Saudi German Hospital) announces the impact from precautionary and preventive measures to limit and counter the outbreak of the COVID-19 pandemic

20 April 2020

Introduction
Announcement Detail	in reference to the precautionary and preventive measures being taken by government authorities in the Kingdom of Saudi Arabia to limit and counter the outbreak of the COVID-19 pandemic Middle East Healthcare Company (Saudi German Hospital) announces the following -The Company network of hospitals witnessed a slowdown in outpatient visits starting March 2020 following the outbreak of the COVID-19 pandemic, decreased number of working hours and imposed curfew by the government across the Kingdom’s different cities. - The company does not face any issues currently in meeting its obligations against its employees and banks. -The company is working on reducing its expenses and utilizing the government announced stimulus plans for the private sector, while offering new services, such as home visits and tele consultation, to mitigate the impact of the expected drop in revenue. -The management expect the current circumstances to reflect on the company's financials starting the second quarter of the current year. It is not yet possible to determine the exact magnitude of the financial impact in light of the current situation and developments, and the absence of a clear timeframe for the precautionary measures period. Any future material developments will be announced in due course.

Introduction

Announcement Detail

in reference to the precautionary and preventive measures being taken by government authorities in the Kingdom of Saudi Arabia to limit and counter the outbreak of the COVID-19 pandemic

Middle East Healthcare Company (Saudi German Hospital) announces the following

-The Company network of hospitals witnessed a slowdown in outpatient visits starting March 2020 following the outbreak of the COVID-19 pandemic, decreased number of working hours and imposed curfew by the government across the Kingdom’s different cities.

- The company does not face any issues currently in meeting its obligations against its employees and banks.

-The company is working on reducing its expenses and utilizing the government announced stimulus plans for the private sector, while offering new services, such as home visits and tele consultation, to mitigate the impact of the expected drop in revenue.

-The management expect the current circumstances to reflect on the company's financials starting the second quarter of the current year. It is not yet possible to determine the exact magnitude of the financial impact in light of the current situation and developments, and the absence of a clear timeframe for the precautionary measures period. Any future material developments will be announced in due course.