Fakeeh Care buys land in Riyadh for SAR 35.2M to set up medical center

26/11/2024 Argaam
Logo ofDr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care)

Logo of Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) 

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) purchased a land plot in Riyadh for SAR 35.21 million, excluding real estate transaction tax and brokerage fees, to establish a medical center, according to a statement to Tadawul.

 

The land plot in Al-Narjis District spans a total of 3,706.24 square meters. The new state-of-art medical center will come in line with Fakeeh Care’s expansion strategy, the statement added.

 

For more news and details on the projects

 

The land purchase will be financed from internal resources and will further enhance the group’s assets, in addition to boosting revenue and profitability over the coming years.

 

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