{"id":99410,"date":"2025-08-05T00:00:00","date_gmt":"2025-08-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/05\/dr-sulaiman-al-habib-setting-up-al-jubail-hospital-for-sar-571-mn\/"},"modified":"2025-08-05T00:00:00","modified_gmt":"2025-08-05T00:00:00","slug":"dr-sulaiman-al-habib-setting-up-al-jubail-hospital-for-sar-571-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/08\/05\/dr-sulaiman-al-habib-setting-up-al-jubail-hospital-for-sar-571-mn\/","title":{"rendered":"Dr Sulaiman Al Habib setting up Al Jubail Hospital for SAR 571 mn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/hmg.com\/\" style=\"\" rel=\"noopener\">Dr. Sulaim<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/hmg.com\/\" style=\"\" rel=\"noopener\">an Al Habib Medical Services Group<\/a><\/strong><strong> will establish Al Jubail Hospital for SAR<\/strong><strong> 571 mn<\/strong>, under a 50-year lease agreement signed with the Royal Commission for Jubail and Yanbu for a 115.5k sqm plot of land at Jubail Industrial City, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=89209&anCat=1&cs=4013&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a> yesterday. The hospital will have 145 beds and clinics in various medical specialties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> Following regulatory approvals, the project is expected to kick off construction in 4Q 2025. It is set to be completed in 4Q 2028 and be operational in 2Q 2029. Al Jubail Hospital will be run by Al Habib\u2019s subsidiary Bawabat Al Sharq for Healthcare Company, after receiving the board\u2019s green light.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wasl recei<\/strong><strong>ves Sama\u2019s initial approval for digital brokerage practice:<\/strong> Wasl platform, a JV between <a target=\"_blank\" href=\"https:\/\/azm.sa\/en\/about-azm\/\" style=\"\" rel=\"noopener\">Azm for Communications and Information Technology<\/a> and National Housing Company (NHC), received the Saudi Central Bank\u2019s (Sama) initial approval to conduct digital brokerage activities in the Kingdom, Azm said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=89225&anCat=1&cs=7211&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a> yesterday. The platform is yet to obtain its license.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Azm signed an MoU with the NHC in May to create a digital platform for financial and digital brokerage services, namely Wasl Platform for Communications and Information Technology, according to a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86981&anCat=1&cs=7211&locale=en\" style=\"\" rel=\"noopener\">Tadwul disclosure<\/a>. Each side will hold a 50% stake in the platform\u2019s capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/quarafinance.com\/en\/\" style=\"\" rel=\"noopener\">Quara Finance<\/a><\/strong><strong> secu<\/strong><strong>red a five-year, shariah-compliant credit facility agreement for SAR 100<\/strong><strong> mn with Bank Aljazira<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=89212&anCat=1&cs=9596&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The financing will go to supporting Quara\u2019s operational expansion and increasing its sales volume. The agreement is secured by a promissory note, assignment of receivables, and guarantees from the owners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Quara secured a four-year, SAR 100 mn shariah-compliant credit facility from Al Rajhi Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/71c6d475-43bd-4eb7-841c-84c950b512b2\/big-banks-exceed-expectations-in-2q-%2B-sipchem-moves-to-the-red\" style=\"\" rel=\"noopener\">last month<\/a> and a three-year loan from SHL Finance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/956d8eee-fe55-4bd4-9b48-4d1c7edfcbc1\/riyadh-air-picks-rolls-royce-engines-to-go-with-airbus-order\" style=\"\" rel=\"noopener\">a month earlier<\/a>. Both aim to increase the company\u2019s sales volumes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>PIF sub<\/strong><strong>sidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adeera.com\/ar\/home\" style=\"\" rel=\"noopener\">Adeera Hospitality<\/a><\/strong><strong> will operate a portfolio of hotels in Qiddiya City under<\/strong><strong> an agreement with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/qiddiya.com\/\" style=\"\" rel=\"noopener\">Qiddiya Investment Company<\/a><\/strong>, the PIF company said in a <a target=\"_blank\" href=\"https:\/\/www.adeera.com\/ar-news\/lqdy-w-dyr-fy-shrk-strtyjy-ltdshyn-hqb-jdyd-mn-ldyf-lsaawdy\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. Positioned as the Kingdom's emerging capital for entertainment, sports, and culture, Qiddiya City is projected to attract mns of visitors every year. The hotels that will be under Adeera\u2019s purview include Alia (luxury), Sama (five-star), and Noor (mid-market).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Thai hotel opera<\/strong><strong>tor Dusit International tapped Al Ghadeer Group to manage the new<\/strong><strong> DusitD2 Al Ahsa resort<\/strong>, Dusit\u2019s EMEA VP of Development Rami Massoud said on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/rmassoud_alahsa-saudiarabia-dusitd2-activity-7331277746024628224-13dV?utm_source=share&utm_medium=member_desktop&rcm=ACoAADcc9s0BqbX_KIfcdiR9Co3ThUUfykvz4-o\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. The resort, set to open in 2027, will feature 120 villa suites and is being designed by Cairo-based El Ghoneimi Architects. This marks Dusit\u2019s second confirmed hotel in the Kingdom and is part of its broader expansion strategy in the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyundai Motor <\/strong><strong>Group and Neom\u2019s energy arm Enowa have completed a hydrogen<\/strong><strong> mobility trial in Trojena<\/strong>, operating Hyundai\u2019s Universe hydrogen fuel cell bus on steep, high-altitude routes, according to a <a target=\"_blank\" href=\"https:\/\/www.hyundai.com\/worldwide\/en\/newsroom\/detail\/0000000992\" style=\"\" rel=\"noopener\">press release<\/a>. Supported by a new Enowa hydrogen refueling station, the trial marked the first test of such technology in mountain terrain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> In September 2024, Hyundai Motor Group signed an MoU with Neom\u2019s mobility sector to explore next-generation zero-emission mobility solutions for the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Wasl receives Sama\u2019s initial approval for digital brokerage practice<\/p>\n","protected":false},"author":1,"featured_media":99411,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[454,54,4416,1056,10,207,13,14,1493,4415],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-99410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-afaq-capital","tag-also-on-our-radar","tag-azm-for-communications-and-information-technology","tag-capital-market-authority-cma","tag-enterpriseam-ksa","tag-financial-services","tag-healthcare","tag-ma-watch","tag-saudi-central-bank-sama","tag-sulaiman-al-habib-medical-services-group","wpautop","entry"],"acf":{"mongo_id":"4436d895-ac45-4509-abe9-7dc5c67dc2d6","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2236.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dr Sulaiman Al Habib setting up Al Jubail Hospital for SAR 571 mn","related_issue":[99389],"teaser":"PLUS: Wasl receives Sama\u2019s initial approval for digital brokerage practice","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.ffd44328-5d49-4f85-8bb7-ca6097c63456.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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