Dallah’s board OKs expansion of Riyadh hospital; cost not yet revealed

Dallah Healthcare Holding Co.’s (DHHC) board of directors has approved the expansion of the Dallah Hospital complex in Riyadh’s Al-Nakheel district to include a new medical tower, the company said in a statement on Tadawul.

The new project is expected to boost the complex’s capacity to 250 beds and 160 clinics. It will also include other housing and services facilities.

Construction work on the tower is set to begin in Q2-2016, and the facility will begin operations in the second half of 2018.

The estimated cost and financing channels related to the project will be announced later, and the expansion is seen to result in a positive financial impact for the company, the healthcare services provider added.

In July 2014, the company announced a plan to expand the hospital’s capacity, which included the purchase of a nearby land plot, according to data available on Argaam.