Logo ofNational Medical Care Co. (Care)
National Medical Care Co. (Care) signed today, Dec. 21, a contract with BEC Arabia Contracting Co. to execute mechanical, electrical and plumbing (MEP) works, as well as finishing works, for the first phase of the Care Medical Hospital project in Al-Narjis district, Riyadh. Moi 
The contract value amounts to SAR 392 million, excluding value-added tax.
In a statement to Tadawul, the company said the contract has a duration of 548 days.
Care noted that the financial impact of the contract will be reflected through an increase in the non-current assets item in its financial statements starting from the first quarter of 2026.
There are no related parties to the deal, the statement added.
Care added that it will announce any further material developments related to the project in due course.
Logo ofNational Medical Care Co. (Care)
National Medical Care Co. (Care) signed today, Dec. 21, a contract with BEC Arabia Contracting Co. to execute mechanical, electrical and plumbing (MEP) works, as well as finishing works, for the first phase of the Care Medical Hospital project in Al-Narjis district, Riyadh. Moi
The contract value amounts to SAR 392 million, excluding value-added tax.
In a statement to Tadawul, the company said the contract has a duration of 548 days.
Care noted that the financial impact of the contract will be reflected through an increase in the non-current assets item in its financial statements starting from the first quarter of 2026.
There are no related parties to the deal, the statement added.
Care added that it will announce any further material developments related to the project in due course.
