Riyadh - Mubasher: Mouwasat Medical Services Company obtained the board’s approval to establish a new hospital project in Riyadh at a total cost of SAR 900 million.
Located in Al-Narjis District, the project will have a capacity of 280 beds, including specialized medical centers, according to a bourse disclosure.
In addition to the company’s resources, the facility will be supported through long-term Shariah-compliant loans from local banks.
The financial impact and any other material developments related to the project will be disclosed at a later time.
In the nine-month period that ended on 30 September 2025, Mouwasat delivered 23.15% year-on-year (YoY) higher profits at SAR 583.67 million, compared to SAR 473.92 million.
