Fakeeh Care buys land in Riyadh for SAR 35.2M to set up medical centre

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) purchased a land plot in Riyadh for SAR 35.21 million, excluding real estate transaction tax and brokerage fees, to establish a medical centre, according to a statement to Tadawul.

The land plot in Al-Narjis District spans a total of 3,706.24 square meters. The new medical centre will come in line with Fakeeh Care’s expansion strategy, the statement added.

The land purchase will be financed from internal resources and will further enhance the group’s assets, in addition to boosting revenue and profitability over the coming years.