Saudi: Naba Alsaha pens nearly $13.2mln deal

The 10-month deal covers the implementation of the Naba Alsaha Hospital project in Riyadh with a capacity of 180 beds

Staff Writer, Mubasher

March 14, 2023

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Riyadh – Naba Alsaha Medical Services Company inked a SAR 49.35 million agreement with Al Kayan Technical Arab Contracting Company.

The 10-month deal covers the implementation of the Naba Alsaha Hospital project in Riyadh with a capacity of 180 beds, according to a bourse filing.

Naba Alsaha expected that the contract will have a positive impact on its revenues and will accelerate the establishment process of Naba AlSaha Hospital in Riyadh.

It is worth noting that the two entities signed the agreement on 12 March 2023.

In October 2022, the Tadawul-listed firm penned two deals at an aggregated value of SAR 4.56 million for the Naba AlSaha Hospital project in the Al Mounsiyah district.

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