Dallah Healthcare to start construction of its SAR 508 million hospital in Riyadh

09/03/2014 Argaam

Dallah Healthcare Holding Co. signed a SAR 5.8 million deal with al-Ostool al-Aali Co. to start a 2-month infrastructure work of the company’s new hospital west of the Saudi capital, Riyadh, Dallah said in a statement to the Saudi Stock Exchange.

 

The company, which operates, manages and maintains health complexes, will finance the deal from its own sources. The financial impact of the project will be declared later.

 

This is part of its SAR 508 million medical center which is expected to be completed in the second quarter of 2016, the company added.

 

Dallah is also involved in wholesale and retail trade of medical tools and artificial limbs.

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