Al Hammadi inks cooperation agreement with AC Milan for SAR 54.5M

Al Hammadi Holding, AC Milan agreement to reflect positively on profitability starting 2026

Al Hammadi Holding Co. signed, on Jan. 28, a SAR 54.5 million strategic cooperation agreement with Italy-based club AC Milan, under which the company and Al Hammadi Hospitals Group obtain exclusive rights as the official medical and rehabilitation partner of AC Milan in Saudi Arabia.

In a statement to Tadawul, the company said that the agreement focuses on developing medical, rehabilitation and performance-related collaboration between the club’s medical experts and Al Hammadi Hospitals clinical facility in Riyadh.

The agreement is structured as a multi-year project ending on June 30, 2033, with the total contract value to be paid in scheduled installments throughout the term, the statement added.

The company expected this collaboration to enhance its corporate profile in advanced sports medicine, strengthen its clinical capabilities, and support the development of specialized rehabilitation services in the Kingdom.

The contractual term is eight years, the Saudi-listed firm said, indicating that the transaction is expected to have a positive impact on its profitability in 2026 and subsequent years.

There are no related parties involved.