Al Ahsa to focus on healthcare investments, says CEO

04/02/2020 Argaam

 

Al Ahsa Development Co. seeks to implement a concentrated investment approach in the healthcare sector across the Kingdom, CNBC Arabia reported, citing Chief Executive Officer, Raed Bin Mohammed Al-Naeem.

 

“Our company will focus on healthcare investments in line with its strategic plans,” said Al-Naeem.

 

These investments might include specialty clinics, medical centers, and hospitals, Al-Naeem added, noting that the recently-acquired Al Salam Hospital in Al Khobar has a capacity of 495 beds, and it is still under preparation.

 

Al Ahsa Development Co. shareholders approved yesterday a 50.47% capital hike to SAR 737.32 million from SAR 490 million. The capital increase aims to finance the company’s full acquisition of Al Salam Medical Services, through issuing 24.73 million shares at par value to Al-Salam shareholders on a pro rata basis.

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