Al-Manea Medical Plans 4 Billion Riyal Investment
Al Mana Medical Group announced the allocation of an investment portfolio worth 4 billion riyals to carry out expansion projects in Saudi Arabia over the next five years. These projects include the opening of three hospitals and two medical centers in Riyadh, as well as two in Dammam. The group relies on funding its projects through its own capital and sustainable loans, without issuing sukuk or bonds. The CEO also clarified that the company's intention to go public on the stock market will take place after completing the current projects and after 2030.
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