On July 26, 2026, Specialized Medical Company (SMC Healthcare) announced the signing of a project contract by its subsidiary, Al-Mukhtas Al-Sehhi Medical, to manage and operate the SABIC Behavioral Care Specialist Hospital on behalf of the Government of the Kingdom of Saudi Arabia (Ministry of Health), following the initial project award announced on the Saudi Exchange on June 18, 2026. The financial impact of the project is expected to be reflected in the company's financial statements by the second quarter of 2027, coinciding with the commencement of actual operations. This contract marks SMC's strategic entry into the behavioral and mental healthcare sector, diversifying its revenue base and reinforcing its partnership with the public sector. The initiative is aligned with Saudi Arabia's Vision 2030 objectives to enhance healthcare quality and expand private sector participation in the health system.

Original announcement:

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.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.