Mouwasat to start commercial operations at Al Khobar hospital
Mouwasat Medical Services Company [4002.SE] announced that it has received the necessary approvals from the Ministry of Health to start commercial operations at its new hospital in Al Khobar, following the completion of trial operations and equipment testing, which started on 21 May 2018. The hospital, which will increase the company's total capacity by 25%, is expected to start contributing positively to the company's results after 18 months of operations, during which it will negatively affect financials as utilisation ramps up.
Mouwasat Medical Services: SAR85.50 as of 2 Sep. 2018, Rating: Buy, TP: SAR120.00/share, MCap: USD2,280mn, MOUWASAT AB/4002.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.