Riyadh – Mubasher: Saudi Arabia-based Middle East Healthcare Company (Saudi German Hospital) has announced completing about 38% of establishing its new hospital in Dammam.
The project’s actual work started on 7 December 2016, while it is expected to be completed on 6 June 2019, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
In April, Saudi German Hospital announced finialising around 30% of the project, giving no further details on its cost.
The Saudi healthcare provider last reported a 44.68% year-on-year profit decrease for the second quarter of 2018, recording SAR 34.27 million, down from SAR 61.95 million.
The stock fell 10% to close Thursday’s trading session at SAR 48.60.
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