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Twareat Medical Care Co. announces signing a Memorandum of Understanding with Neom Co.
| Element List | Explanation |
|---|---|
| Introduction | Twareat Care Medical Company is pleased to announce to its valued shareholders the signing of a Memorandum of Understanding with NEOM. This collaboration aims to provide comprehensive health and wellbeing services through the efficient operation of remote medical clinics. |
| Memorandum Signing Date | 2025-02-27 Corresponding to 1446-08-28 |
| Counterparty | Neom Co. |
| Memorandum Subject | 1. Provide a range of defined medical services including primary care, urgent care, emergency care, occupational health, and chronic disease management within residential village areas and current and future project sites in the NEOM region. 2. Use innovative technologies to enhance patient care and operational efficiency. 3. Contribute to the Neom through continuous innovation and adaptation of services as the community and projects evolve. 4. Adhere to high standards of medical care and safety, comply with regulatory requirements, and achieve Ministry of Health licensure. 5. Engage with the community to assess its health needs and implement relevant health programs. |
| Memorandum Duration | Twelve months from the date of signing the memorandum. |
| Related Parties | No related parties |
| Financial Impact | There is no financial impact resulting from the signing of this memorandum; however, the expected financial impact will come from potential sales orders from current or future contractors in the NEOM area. |
| Additional Information | Any material developments will be announced. |
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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