Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group has signed a 50-year contract worth SAR 30.19 million with Al-Madinah Al-Munawwarah Municipality to lease a plot of land.
The company seeks to construct, operate, and maintain a hospital on the allocated land, spanning over a total area of 18,772 square metres, according to a bourse filing on Thursday.
The land is located on King Abdullah bin Abdulaziz Road in Mitan region in Al Madinah Al Munawwara.
The financial impact of the contract is expected to be registered upon the project’s completion and operation.
