Riyadh – Mubasher: Dallah Healthcare Company signed an agreement with Youssef Marroun Contracting Company at a value of SAR 159 million on 26 December 2022.
The 13-month deal covers the mechanical, electrical, and finishing work of the second stage of Dallah Namar Hospital, according to a bourse disclosure.
Upon completing the preparation works of the clinic's building, the hospital will reach its maximum capacity.
Dallah Healthcare expected that the contract will reflect positively on its income statements once the project starts operating in 2024.
In the first nine months (9M) of 2022, the Tadwul-listed firm generated a net profit after Zakat and tax worth SAR 196.02 million, higher by 30.68% year-on-year (YoY) than SAR 150 million.
