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Al-Masafi Subsidiary Secures 7.9M SAR Contract with King Khalid Hospital
The Saudi Refiners Company announced that Raya Renewal, one of its subsidiaries, has signed a contract valued at approximately 7.93 million Saudi Riyals for the renovation and equipment of the Women’s and Maternity Department at King Khalid Hospital in Al Majmaah. The project aims to upgrade healthcare facilities and improve inpatient services. The financial impact is expected to begin reflecting on the company’s results by the third quarter of 2026, with effects continuing through the first quarter of 2027. This contract contributes to diversifying the subsidiaries' portfolio and increasing cash flows, with no related parties involved in the deal.
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