SMC Healthcare says the project marks a strategic milestone
SMC signed a contract to manage and operate SABIC Specialized Behavioral Care Hospital, according to a Tadawul statement. 
The company expects the project to begin contributing to its financial results in Q2 2027, coinciding with the start of commercial operations.
SMC Healthcare said the project marks a strategic milestone, supporting its long-term growth strategy and diversifying its revenue base.
According to Argaam data, SMC Healthcare announced in June that its subsidiary, Al-Mukhtas Al-Sehhi Medical, received a contract award from the Ministry of Health to manage and operate the 150-bed SABIC Specialized Behavioral Care Hospital under a public-private partnership (PPP) model.
The project is expected to generate total revenue of approximately SAR 3.8 billion, including VAT, over the 15-year contract term.
SMC Healthcare says the project marks a strategic milestone
SMC signed a contract to manage and operate SABIC Specialized Behavioral Care Hospital, according to a Tadawul statement.
The company expects the project to begin contributing to its financial results in Q2 2027, coinciding with the start of commercial operations.
SMC Healthcare said the project marks a strategic milestone, supporting its long-term growth strategy and diversifying its revenue base.
According to Argaam data, SMC Healthcare announced in June that its subsidiary, Al-Mukhtas Al-Sehhi Medical, received a contract award from the Ministry of Health to manage and operate the 150-bed SABIC Specialized Behavioral Care Hospital under a public-private partnership (PPP) model.
The project is expected to generate total revenue of approximately SAR 3.8 billion, including VAT, over the 15-year contract term.
