National Medical Care Co. (Care) obtained, on Dec. 31, 2020, regulatory approval to extend its medical services contract for work-related injuries with the General Organization for Social Insurance (GOSI), for a period of 90 days, in its Riyadh hospitals.
The contract was due to expire on Dec. 31, 2020, the company said in a statement to Tadawul.
The healthcare firm has obtained the initial approval to renew its contract with GOSI for an exclusive period of three years as of Jan. 1, 2018.
According to data compiled by Argaam, Care obtained in January 2018 initial regulatory approval to renew its contract with GOSI, for a period of three years, to provide medical services for work-related injuries to beneficiaries of social insurance in Riyadh.
The healthcare firm expected to generate around SAR 300 million annually in revenue from the contract.
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