Saudi German Hospital’s outpatient clinics see slowdown amid COVID-19 measures

20/04/2020 Argaam

 

Middle East Healthcare Co.’s (Saudi German Hospital) outpatients clinics witnessed a slowdown in number of visits starting March 2020, following the outbreak of the COVID-19 pandemic, reduction of working hours, as well as the Kingdom’s precautionary measures including imposing curfew across different cities.

 

The company added in a bourse statement on Monday that it is not facing any difficulty in fulfilling its obligations towards employees and banks.

 

It also noted it is currently working on cutting expenses, and finding alternatives to compensate the expected lower revenues such as telemedicine services and home-based medical consultations.

 

Saudi German Hospital expected these circumstances to reflect on its financials as of Q2 2010. However, it is difficult to determine the impact at present, and any developments will be announced in due course

Saudi Arabia (Tadawul)

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