National Medical Care Company announces about opening of the phase one of the expansion project of National Hospital

National Medical Care Company announces about the preparation for prospective opening of the phase one of National Hospital expansion project during the next week as a start of soft opening of hospital facilities of the new buildings. However, readiness of commercial operation for the entire project and financial impact will be announced later. This project has been already announced via the IPO prospectus in accordance with the company expansion plan, which stated the establishment of the new hospital with 200 beds in addition to 100 beds in the existing building. The new hospital is being built with the highest possible designs, equipment, and talented staff. As well, this expanded hospital is a noteworthy enhancement in hospital activities and quality of the provided medical services. Besides, the cost of the project is funded by the company sources, MOF loan, bank loan in compliance with Islamic law, and part of IPO proceeds