The “Saudi, German Health” shares rises 3.36% after agreeing to the opening of a clinic complex in Riyadh

The shares of the Middle East Health Care Company, “Saudi Health”, ran and trading in the Saudi market “Tadawul” by 3.36% during trading today, Monday, to trade at 76.90 riyals per share, after agreeing to the opening of a clinic complex.

The trading on the shares of the Middle East Health Care Company at that time came through 112.53 thousand shares with a value of trading 8.63 million riyals.

The highest price for the share at that time was at 77.80 riyals per share, while the lowest price per share was at 75.10 riyals per share.

The high price of the share of the Middle East Health Care Company “Saudi Health” came after its board of directors approved the opening of an external clinic complex in the Al -Taawun neighborhood in Riyadh, at an estimated cost of the project amounting to 22 million riyals, including equipment, equipment and medical furniture.

The company explained that the complex will be made up of 21 clinics covering various medical specialties, pointing out that the project will be fully funded from the company’s internal cash flows.

Hypnosis patients will also be transferred to the internal hypnosis department at the Saudi German Hospital in Riyadh.

The company confirmed that it will start procedures for obtaining the necessary licenses from the competent authorities, noting that any fundamental developments related to the stages of implementation and employment will be announced later.

The company indicated that this project is expected to have a positive financial impact with the gradual development in operations.