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National Medical Care Co. Announces an update on National Medical Care Company announces of the latest developments for the expansion, renovation and restoration of Care Medical Al-Malaz Hospital which was previously known as (National Care Hospital)

4005
CARE
-2.08 %
1445/08/01     11/02/2024 08:09:16

Element ListExplanation
Previous Announcement National Medical Care Company announces of the latest developments for the expansion, renovation and restoration of Care Medical Al-Malaz Hospital which was previously known as (National Care Hospital)
Date of Previous Announcement on Saudi Exchange’s Website 2016-05-01 Corresponding to 1437-07-24
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event National Medical Care Company announces that it has obtained an operating license from the Ministry of Health to expand the Care Medical Al-Malaz Hospital. So that the bed capacity of the entire hospital after the completion of the expansion will be 459 beds and 62 clinics. The rooms have been designed to serve various types of patients according to the highest internationally recognized standards.
Reasons For The Delay on The Date of The Event Previously Announced Complete the necessary requirements to obtain licenses from the relevant authorities.
The costs associated with the event, and if they have changed or not with indication of the reasons. The value of the project reached 100 million Riyals, and the cost did not change.
Delay consequences on the Company’s financial results The delay had an impact on the company’s revenues.
Additional Information The positive impact on the company’s financial statements will begin starting from Q1 2024

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 160.0
Net Change -3.4 (-2.08%)
Value Traded (Sar) 8,843,018.4
Volume Traded 55,288
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