Naba Alsaha inks deal with Tafani Financial to provide advisory services on Riyadh hospital

Logo of Naba Alsaha Medical Services Co.

Naba Alsaha Hospital Medical Services Co. signed, on Nov. 16, an agreement with Tafani Financial Consulting, which is owned by Firas Al-Jishi (a related party), to provide financial advisory services on the feasibility study of the Naba Alsaha Hospital Riyadh project, according to a Tadawul statement.

Under the contract, which is valued at SAR 60,000, Naba Alsaha will get a feasibility study that is eligible for a loan for the Riyadh hospital from the Saudi Projects Support Fund, it stated.

The deal is ceased once Naba Alsaha receives the first installment of the Project Support Fund’s loan. The move will have a positive financial impact on the medical services provider’s revenues, as it will hasten work on the Naba Alsaha Hospital Riyadh project.

Deputy Chairman Nathir Al-Jishi and board member Nayef Al-Jishi are related parties.