Smile Care inks SAR 3.87M deal with KAFD

14/08/2025 Argaam
Logo ofBasma Adeem Medical Co. (Smile Care)

Logo of Basma Adeem Medical Co. (Smile Care) 

Basma Adeem Medical Co. (Smile Care) signed a lease with King Abdullah Financial District (KAFD) to establish its third branch in Riyadh, for SAR 3.87 million (excluding VAT).

 

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The contract is valid for eight years and seven months, starting from Sept. 1, 2025, Smile Care said in a statement to Tadawul.

 

The property will be used as the third headquarters in Riyadh, to establish a dental and dermatology clinic.

 

The financial impact is expected to start in Q3 2026, the statement added.

 

This expansion comes within the framework of the strategic plans approved by the board of directors. These include enhancing the company's presence and leadership in the medical sector, meet the growing demand for its services, and achieve sustainable returns for shareholders, while remaining committed to providing high-quality services in accordance with the latest standards, keeping pace with market aspirations and customer requirements.

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