Care awarded SAR66mn contract for long term care in King Abdulaziz medical city
National Medical Care (4005.SE) has been awarded a SAR66mn contract to offer services to long-term care patients at King Abdulaziz Medical City, that is in affiliation with Ministry of the National Guard. The contract, which was awarded through a competitive bid, was signed on 26 March 2016, and will reflect on the company’s financial performance starting 2Q17.
National Medical Care: SAR53.61 as of 2 Apr. 2017, Rating: Neutral, TP: SAR65.00/share, MCap: USD641mn, CARE AB/4005.SE
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