AYYAN Investment says work continues on Al-Salam Hospital, trial ops by end of Q2 2022

30/12/2021 Argaam

Logo of AYYAN Investment Co.

AYYAN Investment Co. announced today, Dec. 30, the continuation of the construction work of Al-Salam Hospital, with trial operations expected to start at the end of Q2 2022.

 

The project is 87.8% complete, the company said in a bourse filing today, Dec. 30.

 

The hospital was expected to open in Q4 2021, but the COVID-19 pandemic caused delays in delivering equipment, materials and supplies at the site, leading to a delay in the start-up.

 

There are no potential repercussions due to the delay on the company's financial results since there is no change in project costs.

 

The company will announce any new developments in due course.

 

AYYAN Investment said in its board of directors’ report for 2020 that the Al Salam Medical Services was under construction with an expected opening in Q4 2021, Argaam reported.

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