Sulaiman Al Habib scraps lease contract for Madinah land plot

18/07/2024 Argaam
Logo ofDr. Sulaiman Al Habib Medical Services Group


Logo of Dr. Sulaiman Al Habib Medical Services Group

Dr. Sulaiman Al Habib Medical Services Group said a mutual termination agreement was signed today, July 18, between Bawabat Al-Gharb for Healthcare Co., a wholly-owned subsidiary, and Madinah Municipality for the Madinah land plot lease contract earlier signed in November 2021.

 

The move entailed no financial or contractual liability for either party towards the other, according to a statement to Tadawul.

 

For more news on listed companies

 

The company also noted that there are no material costs associated with the termination.

 

Sulaiman Al Habib received, on Nov. 21, 2021, a letter from Madinah Municipality awarding a lease contract worth SAR 30.2 million to invest in a land plot by constructing, operating and maintaining a hospital on it, according to data available to Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.