MouwasatMedical Services’ board has approved a SAR 1.4 bn expansion plan to build a new hospital in Al Ahsa and add new facilities to its hospitals in Riyadh and Qatif, according to three separate Tadawul disclosures. All three projects are set to be self-financed, beside long-term shariah-compliant loans from undisclosed local banks.

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!_SubHead_! PROJECTS BREAKDOWN-

Mouwasat will build a SAR 700 mn hospital in Al Ahsa with a capacity of 200 beds. After acquiring regulatory approvals, construction works will kick off in 1Q 2026, and set to conclude in 2Q 2029, allowing the three-month pilot production period to begin in 3Q 2029. Commercial operations will follow in 4Q 2029 after securing both regulatory and Health Ministry approvals.

Also, Eastern Medical Services — a Mouwasat subsidiary in which it holds a 51% stake — will build a SAR 350 mn 100-bed new facility adjacent to Mouwasat Qatif Hospital. After obtaining regulatory approvals, construction is slated to begin in 4Q 2025 and be finalized in 2Q 2028, followed by three months of pilot production during 3Q 2028, paving the way for commercial operations to start in 4Q 2028.

Meanwhile, Mouswasat will invest SAR 330 mn in adding a new 100-bed building for its Riyadh Hospital. Construction is expected to begin in 1Q 2026 following regulatory approvals and is set to complete by 4Q 2028. The three-month pilot production period will begin in 1Q 2029, before commercial operations commence in 2Q 2029.

ALSO- Mouwasat’s board greenlit a SAR 200 mn dividend payout for 1H 2025 at SAR 1 apiece, it said in a Tadawul disclosure yesterday. The distribution date is yet to be decided.

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