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Dr. Soliman Abdel Kader Fakeeh Hospital Company announces signing a Memorandum of Understanding with Samsung C&T Corporation Saudi Arabia

4017
FAKEEH CARE
5.13 %
1447/11/30     17/05/2026 08:02:40

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Introduction Dr. Soliman Abdulkader Fakeeh Hospital Company ("DSFH") and its subsidiaries ("Fakeeh Care Group", "Group", "Fakeeh Care") is pleased to announce the signing of a memorandum of understanding with Samsung C&T Corporation Saudi Arabia to explore cooperation opportunities for the co-development of healthcare projects in the Kingdom of Saudi Arabia and the application of smart hospital systems powered by artificial intelligence (AI). Aligned with Saudi Vision 2030, the cooperation seeks to expand healthcare infrastructure, integrate advanced technology into care delivery, and support the Kingdom's position as a regional hub for healthcare innovation.
Memorandum Signing Date 2026-05-14 Corresponding to 1447-11-27
Counterparty Samsung C&T Corporation Saudi Arabia
Memorandum Subject The Memorandum of Understanding aims to strengthen the strategic collaboration between Fakeeh Care Group and Samsung C&T Corporation Saudi Arabia in developing healthcare projects and smart hospitals across the Kingdom of Saudi Arabia through the adoption of artificial intelligence technologies and advanced operational and development models that support the objectives of Saudi Vision 2030.

Areas of Cooperation:

• Developing healthcare projects and smart hospitals in the Kingdom of Saudi Arabia.

• Implementing artificial intelligence technologies and smart hospital systems inspired by the South Korean experience

• Coinvesting on the build and operation of healthcare projects under a Property and Operating Company model.

Memorandum Duration One Year starting May 14, 2026 and extendable by mutual consent
Related Parties N/A
Financial Impact N/A
Additional Information N/A

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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