Riyadh — Mubasher: Mouwasat Medical Services Company announced the filing of a commercial lawsuit against it by Doctors Company for Medical Projects before the Commercial Court in Dammam, according to a bourse filing.
The claimant is seeking a total payment of SAR 335.38 million in exchange for the transfer of its entire holding in Jeddah Doctors Company.
The dispute involves 5.63 million shares, representing a 32.42% stake in Jeddah Doctors Company.
Meanwhile, Mouwasat currently holds a 51% majority stake in the entity.
According to the disclosure, the lawsuit was filed on 12 October 2026. Mouwasat stated that no formal contract or sale agreement has been signed with the claimant regarding the shares in question.
The listed company is currently coordinating with legal advisors to defend its interests and noted that it is not possible to determine the financial impact at this stage.
Mouwasat further confirmed that no financial provisions have been allocated for the claim.
Despite the litigation, the listed entity expects no operational impact on Jeddah Doctors Company, with the hospital anticipated to open during the current quarter following final regulatory approvals from the Ministry of Health.
