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English news

24-May-2016

Mouwasat starts commercial operations at new Jubail hospital expansion

Mouwasat Medical Services Company (4002.SE) has received the Ministry of Health’s approval for commencing operations at the company’s newly-added capacity from the Jubail Hospital expansion project, and accordingly commenced operations as of 24 May 2016, after it had finalised testing the construction and medical systems and sourced the medical and administrative staff needed. The expansion increases Mouwasat’s current capacity by 13%, while the added capacity is expected to grow Mouwasat’s revenue by 4% for the remaining period in 2016. (Company Disclosure)   Mouwasat Medical Services: SAR132.21 as of 23 May 2016, Rating: Buy, FV: SAR135.00 per share, MCap: USD1,763 million, MOUWASAT AB / 4002.SE

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