Middle East Healthcare Company’s ‘MEAHCO’ (4009.SE), owner and operator of Saudi German Hospitals (SGH) franchise, CEO Mamoun El Najjar said the company had started receiving its late dues from the Ministry of Health, without mentioning any value of the received payments. He is expecting to receive more of the late dues in the coming period. The company’s CEO also expects an improvement in revenue in the remaining period of 2016, as well as an increase in staff costs due to the recruitment of professional medical calibers. (Argaam)
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