Aldawaa, Mouwasat set up new company specializing in medical clinics

One of Mouwasat Medical Services Co. hospitals

Aldawaa Medical Services Co. and Mouwasat Medical Services Co. announced the establishment of a limited liability company specializing in medical clinics named Modawa and Rieaya Medical Co., headquartered in Khobar, with a capital of SAR 1 million.

In separate statements on Tadawul, the companies stated that the shares are distributed as follows: 49% for Aldawaa and 51% for Mouwasat.

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They expect the activities of Modawa and Rieaya Medical to positively impact their financial results and stated that the establishment aligns with their visions.

Aldawaa mentioned that the necessary approvals and licenses from relevant authorities will be completed, and any developments will be announced in due course.