Fakeeh Hospital Signs MOU with Samsung for AI Healthcare Projects

FAKEEH CARE

FAKEEH CARE

4017.SA

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Dr. Soliman Abdel Kader Fakeeh Hospital Company announced on May 17, 2026 the signing of a Memorandum of Understanding with Samsung C&T Corporation Saudi Arabia on May 14, 2026. The agreement explores cooperation opportunities for co-developing healthcare projects in Saudi Arabia and implementing AI-powered smart hospital systems, aligned with Saudi Vision 2030. Key areas include developing healthcare projects and smart hospitals, implementing artificial intelligence technologies inspired by South Korean experience, and co-investing in healthcare projects under a Property and Operating Company model. The memorandum has a one-year duration starting May 14, 2026, extendable by mutual consent.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95421&anCat=1&cs=4017&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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