Saudi German Health to contribute SAR 70 mln to Jeddah’s Sobhi Batterjee Hospital
26/05/2022
Argaam
Logo of Saudi German Health
Middle East Healthcare Co. (Saudi German Health) said that it will contribute SAR 70 million to Sobhi Abdul Jalil Batterjee Medical Hospital in Jeddah, according to the bourse filing.
This amount represents 23.33% of the project's total capital of SAR 300 million, provided that the contribution will be paid during 2022 and 2023.
Saudi German Health earlier signed a non-binding memorandum of understanding (MoU) with Sobhi Abdul Jalil Batterjee Medical Hospital to become a partner in the project, Argaam earlier provided.
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