Riyad Bank signs MoU for Saudi Arabia’s first non-profit hospital

The non-profit hospital project is located in Makkah

Image used for illustrative purpose

Image used for illustrative purpose

Riyadh –  Riyad Bank penned a memorandum of understanding (MoU) with Bab Al Khair to establish the first non-profit hospital in Saudi Arabia, according to a press release.

The medical facility is located in Makkah and is currently witnessing the execution of the construction work phase.

This strategic partnership for Bab Al Khair Hospital aims to enhance the private sector’s role in launching non-profit initiatives in line with Saudi Vision 2030.

It is worth noting that Riyad Bank’s shareholders approved last March distributing dividends worth a total of SAR 1.5 billion for 2020.

Source: Mubasher

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