| Previous Announcement |
The latest developments related to the Company’s joint venture with Dr. Sulaiman Al Habib Medical Services Group in Jeddah (Dr. Sulaiman Al Habib Hospital) |
| Date of Previous Announcement on Tadawul's Website |
2020-01-28 Corresponding to 1441-06-03 |
| Percentage of fulfilled achievement |
Completion of the execution of the Project's construction works and electrical and mechanical works for the operational requirements, and the connection and launch of water, electricity and air conditioning services in the Project, and the completion of the supply of the materials for operational requirements, including medical devices, medical furniture and non-medical furniture, and the completion of the recruitment of medical and nursing staffs for the phased operational requirements of the Project. |
| Event's Expected Completion Date |
It expected that testing and commissioning works for the operational requirements of the Project elements and furniture installation will continue during the First quarter of the fiscal year 2024, in preparation for obtaining required licenses and then operating the Project during First quarter of the fiscal year 2024, after obtaining the relevant regulatory approvals and licenses. |
| Reasons for Exceeding the Announced End Date |
The delay is due to the stages of the period of the testing and commissioning works for the initial operational requirements of the Project elements, including air conditioning systems, electrical and mechanical works, and safety systems in accordance with the relevant standards, taking into account the size and magnitude of the Project works which started during the fourth quarter of the fiscal year 2023 and will continue during First quarter of the fiscal year 2024 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
There is no additional costs as a result of the Project not being operational at the end of 2023. |
| Impact of the Delay on the Company's Financial Results |
There is no financial impact of this delay on the financial results of the Company. |
| Additional Information |
Any other material developments related to this Project will be disclosed in a timely manner in accordance with the relevant regulations. |
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