IssuerAnnouncementDetailsV2Portlet
Al Dawaa Medical Services Company announces the establishment of Modawaa and Rieaya Medical Company “Ltd” in partnership with Mouwasat Medical Services Company
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Announcement Detail | Al Dawaa Medical Services Company is pleased to announce the establishment of a limited liability company in partnership with Mouwasat Medical Services Company in the name of Modawaa and Rieaya Medical Company for the purpose of Medical Clinics activities, and its head office is in Al-Khobar. The company's capital has been set at 1,000,000 riyals (one million SAR) with proportions distributed by 49% for Al Dawaa Medical Services Company and 51% for Mouwasat Medical Services Company. This comes in line with the company's strategic healthcare vision. The necessary approvals and licenses will be acquired from the relevant authorities and any developments in this regard will be announced in due course. It is expected that the activities of Modawaa and Rieaya Medical Company will contribute positively to the financial results of Al Dawaa Medical Services Company. |
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.