On June 18, 2026, Specialized Medical Co. announced that its 51%-owned subsidiary Al-Mukhtas Al-Sehhi Medical received a project award from Saudi Arabia's Ministry of Health to manage and operate the SABIC Behavioral Care Specialist Hospital under a Public-Private Partnership model. The 15-year contract, valued at approximately SAR 3.8 billion including VAT, covers full management and operation of the 150-bed mental health facility featuring 19 outpatient clinics and 6 day-care rooms. The scope includes medical and non-medical operations, facility management, and specialized clinical services in mental health and addiction treatment.

Original announcement:

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.