Dallah Healthcare signs SAR 690M contract for Al-Arid Hospital construction

Dallah Healthcare Co. signed on June 27 a contract for construction, electromechanical and finishing works of Al-Arid Hospital with Youssef Marroun Contracting Co. at a total value of SAR 690 million.

The contract, which is valid for 24 months, was inked after the completion of the excavation work, the project site preparation, and the obtaining of the necessary official approvals, the healthcare services provider said in a statement to Tadawul.

Dallah expected the relevant financial impact to appear when the hospital launches operations in Q1 2027, noting that there are no related parties.

Last year, Dallah said the project will span a built-up area of 87,300 sqm. The hospital was set to have a capacity of 250 beds, with the possibility to expand. Dallah also expected the project to be finalized in the fourth quarter of 2025, Argaam earlier reported.