Mouwasat Medical Services Co. announced on January 12, 2026, that its Board of Directors has approved establishing a new hospital project in Riyadh's Al-Narjis District. The 280-bed facility, which will include specialized medical centers, comes at a total cost of SAR 900 million. The project will be financed through a combination of self-funding and long-term Shariah-compliant loans from local banks. The company stated that project start date, completion date, and financial impact will be announced later.

Original announcement:

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