Fakeeh Care signed a 50-year lease to develop a medical college and medical center in Madinah
Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed, on Dec. 17, a 50-year agreement with the Madinah Municipality to lease a 12,301 square meter (sqm) land plot in a strategic location in Madinah, according to a statement to Tadawul. 
The land plot will be leased for the construction and operation of a medical college and a medical center.
The total value of the contract amounts to SAR 97.3 million, excluding value-added tax, representing the aggregate lease value over the 50-year term, including a 2.5-year grace period.
Fakeeh Care signed a 50-year lease to develop a medical college and medical center in Madinah
Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed, on Dec. 17, a 50-year agreement with the Madinah Municipality to lease a 12,301 square meter (sqm) land plot in a strategic location in Madinah, according to a statement to Tadawul.
The land plot will be leased for the construction and operation of a medical college and a medical center.
The total value of the contract amounts to SAR 97.3 million, excluding value-added tax, representing the aggregate lease value over the 50-year term, including a 2.5-year grace period.
