Logo of Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care)
For more news and details on the projects
The first contract covers the construction of multi-level parking next to Dr. Soliman Fakeeh Medical Center Basateen in Jeddah, while the second contract includes implementation of reinforcement, dewatering, and excavation works for the new Dr. Soliman Fakeeh Hospital in Makkah.
The third contract covers planned and unplanned maintenance, safety, security and operational services at Dr. Soliman Fakeeh Hospital in Madinah.
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Contract Details |
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First Contract |
A multi-level parking building in Jeddah |
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Signatory Entity |
Fakeeh Care and Advanced Horizons Contracting Co. (AHC) |
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Duration |
12 months |
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Executing Entity |
AHC |
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Value |
SAR 22.94 million |
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Contract Details |
The construction of a multi-level parking building next to Dr. Soliman Fakeeh Medical Center Basateen in Jeddah to improve the infrastructure of parking spaces designated for patients and visitors |
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Financial Impact |
A positive impact is expected to be reflected on the group's financial results in the long term |
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Financing |
Self-funded |
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Related Parties |
AHC is 100% owned by Fakeeh Care |
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Second Contract |
Reinforcement and excavation work for the new Dr. Soliman Fakeeh Hospital in Makkah |
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Signatory Entity |
Fakeeh Care and AHC |
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Duration |
270 days |
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Executing Entity |
AHC |
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Value |
SAR 21.55 million |
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Contract Details |
The implementation of reinforcement, dewatering, and excavation works for the new Dr. Soliman Fakeeh Hospital in Makkah |
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Financial Impact |
A positive impact is expected to be reflected on the group's financial result during the contract duration |
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Related Parties |
DSFH-Masar and AHC (both are 100% owned by Fakeeh Care) |
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Third Contract |
Facility Management at Dr. Soliman Fakeeh Hospital in Madinah |
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Signatory Entity |
Al Toor Medical Services Co. and Alfarabi Distinguished Health Care Co. |
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Duration |
1 year |
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Executing Entity |
Alfarabi Distinguished Health Care |
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Value |
SAR 15.41 million (estimated value based on actual demand for services) |
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Contract Details |
Providing planned and unplanned maintenance services, safety and security services, and operational services at Dr. Soliman Fakeeh Hospital in Madinah to ensure operational efficiency and excellence in service delivery. This includes preventive and planned maintenance, major or irregular maintenance, condition-based maintenance, reactive maintenance, and emergency repairs for air conditioning and ventilation systems. In addition, the contract covers mechanical, civil, electrical, low-current systems, supporting services, safety, security, operational services, and safety and security services |
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Financial Impact |
A positive impact is expected to be reflected on Fakeeh Care’s financials during the contract’s duration |
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Related Parties |
Al Toor Medical Services Co. and Alfarabi Distinguished Health Care are 70% and 51% owned by Fakeeh Care |
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