Nasb Al-Seha updates contract terms

nab‘ Al-Siha Medical Services Company announced modifications to costs and an expansion of the scope of its hospital construction project. These changes resulted from the approval of 11 change orders related to electrical works. Consequently, the total project costs increased to approximately SAR 121.3 million, with an additional change order value of SAR 10.33 million. The project execution period has been extended until January 31, 2027, with the final delivery date set for February 28, 2027, to ensure the completion of work according to standards. This extension is due to fluctuations in global raw material prices, shipping costs, and aims to accelerate the completion process to ensure the project's opening at the beginning of 2027.

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