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English news

07-Nov-2016

MEAHCO expects trial operations to commence in SGH Ha’il before year-end

Middle East Healthcare Company (MEAHCO) (4009.SE), owner and operator of Saudi German Hospitals franchise, is expecting trial operations in Saudi German Hospital in Ha’il (which is owned by Ha'il National Healthcare Company) to commence before end of 2016, after the construction had been completed and the medical equipment had been installed, according to Al Eqtisadiah newspaper, citing MEAHCO’s  CEO Mamoun El Najjar. As per management supervision agreement signed with hospital owner, MEAHCO will receive 10% of Saudi German Hospital in Ha’il net profit, in return for utilising the “Saudi German Hospital” franchise. MEACHO also owns 32% of Ha'il National Healthcare Company. (Argaam, Al Eqtisadiah)

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