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Middle East Healthcare Company Announces about the Actual Operation Date of Its Saudi German Hospital in Dammam

Element ListExplanation
Introduction In connection to the announcement that the company made on Tadawul website on 07/10/1440H corresponding to 10/06/2019 about the completion of the construction work for its Saudi German Hospital in Dammam Middle East Healthcare Company announces that it has received the final license from the Ministry of Health on Thursday 21/05/1441H corresponding to 16/01/2020 to operate its Saudi German Hospital in Dammam with a bed capacity of 150 beds. All the required tests related to the medical systems construction systems availability of all required medical and administrative staff has been done to enable actual operation of the hospital to begin.

Based on this the company is announcing that it will start receiving patients in Saudi German Hospital in Dammam located on King Fahad District Airport Road from Saturday 07/06/1441H corresponding to 01/02/2020.

Previous Announcement Saudi German Hospital Project in Dammam
Date of Previous Announcement on Tadawul's Website 2019-06-10 Corresponding to 1440-10-07
Progress 100%
Event's Expected Completion Date 01/02/2020
Expenses Related to the Event, Whether They Changed or Not and Justification NO
Additional Information The company has borne all the expenses before the operation and will continue to bear all projected expenses after operation begins. Disclosure will be done on any financial updates during the quarterly financial results.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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