Riyadh - Mubasher: Almoosa Health Company inked a SAR 657.50 million contract with BEC Arabia Contracting Company on 26 November 2025, according to a statement.
The 24-month agreement covers the execution of preliminary construction works, foundation works, and the construction of the concrete structure for the Almoosa Specialist Hospital project in Alkhobar.
Meanwhile, the excavation and site leveling works have been completed, and the contract execution will commence immediately.
Almoosa Health indicated that the deal’s financial impact will reflect upon the completion and operation of the hospital.
In August, the Tadawul-listed firm obtained a SAR 650 million loan from Banque Saudi Fransi to fuel its expansion and growth plans across Saudi Arabia.
