SGH Dammam at 38% completion in 1H18, to be delivered by Jun 2019
Saudi German Hospitals (MEAHCO) announced that Saudi German Hospital in Dammam reached 38% completion in 1H18 and is expected to be completed by 6 Jun 2019. SGH signed contracts for the hospital’s construction on Dec 2016 for SAR336.5mn. The hospital, located in West Faisaliyah district, will cover an area of 30,000 sqm with a capacity of 150 beds, 100 clinics and eight operating rooms. (Argaam)
Middle East Healthcare co. (MEAHCO): SAR48.60 as of 9 Aug. 2018, Rating: Buy, TP: SAR78.00/share, MCap: USD1,192mn, MEH AB/4009.SE
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