Dr. Sulaiman Al Habib Medical Services Group announces an update on the Group’s announcement on the latest developments in the works of Al Muhammadiyah Hospital Project in Jeddah Governorate
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement of Dr. Sulaiman Al Habib Medical Services Group Company (the “Group”) published on Tadawul website on 30 Jumada Al-Akhirah 1446H corresponding to 31 December, 2024 regarding the latest developments in the works of Al Muhammadiyah Hospital project (the “Hospital”), which is affiliated to the Group and located on Prince Sultan Street at Al Muhammadiyah neighborhood in Jeddah Governorate; the Group announces obtaining the final license for the Hospital from the Ministry of Health on Thursday 8 May, 2025G, and announces the opening and the commencement of operating the Hospital and welcoming clients officially starting from Sunday 15 June, 2025G, with God Almighty.
The Group confirms the completion of testing and commissioning works for the operational requirements of the Hospital, including the readiness of the medical, nursing, technical and administrative staff necessary for the operation of the hospital, which will be gradual in line with operational requirements and meet the growth requirements in the number of clients. |
| Previous Announcement | Dr. Sulaiman Al Habib Medical Services Group announces an update on the latest developments in the works of Al Muhammadiyah Hospital Project in Jeddah Governorate |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-31 Corresponding to 1446-06-30 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Group announces obtaining the final license for the Hospital from the Ministry of Health on Thursday 8 May, 2025G, and announces the opening and the commencement of operating the Hospital and welcoming clients officially starting from Sunday 15 June, 2025G, with God Almighty.
The Group confirms the completion of testing and commissioning works for the operational requirements of the Hospital, including the readiness of the medical, nursing, technical and administrative staff necessary for the operation of the hospital, which will be gradual in line with operational requirements and meet the growth requirements in the number of clients. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Additional Information | The financial impact of operating the Hospital on the Group’s results will appear starting from the second quarter of the fiscal year 2025G. |
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