Al Hammadi to restart ops at Al Olaya Hospital after repairs

02/08/2016 Argaam

Al Hammadi Company for Development and Investment will resume operations at its hospital in Al Olaya next Saturday, August 6, after obtaining the required regulatory approvals.

 

The financial impact from the shutdown was estimated at SAR 20 million, the company said in a statement on Tuesday.

 

In February, the healthcare services provider said a fire broke out at Al-Olaya due to faulty electric cables, Argaam earlier reported.

 

Al-Hammadi added that Q2 net profit was bolstered by higher-than-expected occupancy rates at Al-Suwaidi Hospital after redirecting Al-Olaya’s medical team to Al-Suwaidi. 

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