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Al-Mawasah reports lawsuit over 335M Riyals
Al-Mouwasat Company for Medical Services has announced that a legal claim has been filed against it at the Dammam Commercial Court by Al Atibba Medical Projects Company, seeking to exit from its stake in Jeddah Doctors in exchange for approximately 335.38 million Saudi Riyals. The lawsuit, registered on October 12, 2026, concerns a request to waive the company's entire 32.42% share in Jeddah Doctors in exchange for the amount specified in the case. Currently, Al-Mouwasat owns 51% of the company's shares, and no official sale agreement has been reached. The company confirmed that this lawsuit will not impact operational activities or the opening of the hospital in the current quarter after all necessary licenses are obtained. A legal review of the potential financial impact has been conducted, and the company has not made any financial payments to date. It is actively working to protect its interests and those of its shareholders.
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