Riyadh – Mubasher: Saudi Arabia-based Dallah Healthcare Company (DHC) has signed a SAR 130.7 million ($35 million) contract to implement mechanical and electrical operations for expanding Dallah Hospital in Al-Nakheel.
The agreement was signed with Youssef Marroun Contracting Company, while it is expected to be completed on 15 June 2019, according to a statement to the Saudi Stock Exchange (Tadawul).
The deal will be financed via Dallah Healthcare’s operations and long-term loans which are related to hospital’s expansion.
The project is forecast to impact positively on the DHC’s financial results after completion by the end of 2019.
The hospital will include 150 beds and 30 clinics.
By 11:37 am KSA time, DHC's stock increased 0.04% to SAR 107.
