SMC Subsidiary Runs Sabic Hospital with 3.8B Riyal Revenue
SMC Healthcare Saudi Arabia announced that it has been awarded a contract by the Ministry of Health to manage and operate the SABIC Specialist Psychiatric Hospital in Riyadh. The contract includes treatment and inpatient services over a period of 15 years, with expected revenues reaching up to 3.8 billion riyals. The plan also involves constructing three hospitals in North Riyadh, aiming to more than double capacity to reach 1,275 beds and 770 outpatient clinics by 2029. This move aligns with the company's expansion in providing mental health services and meeting the growing demand for this type of care.
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