One of SMC Hospitals
Specialized Medical Co. (SMC) said its subsidiary, Al-Mukhtas Al-Sehhi Medical —51% owned by the company— received a project award letter from the Ministry of Health. 
According to a statement to Tadawul, the contract covers the operation and management of the SABIC Behavioral Care Specialist Hospital under a public-private partnership model, with a capacity of 150 beds.
The company said total expected revenues from the project are approximately SAR 3.8 billion, including value-added tax, over a 15-year contract period.
The facility includes 150 beds, 19 outpatient clinics, and six day-care rooms. Services will cover medical and non-medical operations, facility and equipment management, as well as specialized clinical and non-clinical services in mental health, addiction treatment, rehabilitation, and aftercare.
SMC added that the award does not constitute a binding legal or financial obligation until the contract is signed by all parties, and that any material developments will be disclosed in due course in line with applicable regulations.
One of SMC Hospitals
Specialized Medical Co. (SMC) said its subsidiary, Al-Mukhtas Al-Sehhi Medical —51% owned by the company— received a project award letter from the Ministry of Health.
According to a statement to Tadawul, the contract covers the operation and management of the SABIC Behavioral Care Specialist Hospital under a public-private partnership model, with a capacity of 150 beds.
The company said total expected revenues from the project are approximately SAR 3.8 billion, including value-added tax, over a 15-year contract period.
The facility includes 150 beds, 19 outpatient clinics, and six day-care rooms. Services will cover medical and non-medical operations, facility and equipment management, as well as specialized clinical and non-clinical services in mental health, addiction treatment, rehabilitation, and aftercare.
SMC added that the award does not constitute a binding legal or financial obligation until the contract is signed by all parties, and that any material developments will be disclosed in due course in line with applicable regulations.
