RIYADH: Hospital operator Dr Sulaiman Al Habib Medical Services Group (HMG) is investing SR30 million ($8 million) in a land lease in Al-Madinah where it plans to build a hospital.
Tadawul-listed HMG will construct and operate the hospital on a 50 year contract basis, the company announced in a filing.
The hospital operator was established in 1995, in the Olaya area of Riyadh. Today it operates seven hospitals in the Kingdom, as well as in UAE, Bahrain. It also operates pharmacies and other medical related divisions.