Published: Jul 23, 2014
Source: Tadawul

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DHHC announces approval of its board of directors on an expansion plan for the dallah hospital's surrounding areas with a total budget of SR 500m

DHHC Announces approval of its board of directors on 23/7/2014 on the company's expansion plan in the company's own lands surrounding Dallah Hospital in Nakheel District, Riyadh. This initial plan included developing three spots around Dallah Hospital to include 150 beds, 60 clinics, housing and services with an initial budgeted cost of SR 500m. This project will be financed through the company's operation and long term Islamic financing. This project is expected to have positive effects on the company's future financial results and profitability after its operation. It is expected construction of this project to start by the second quarter of 2015. Further development of this project will ab announced duly.

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