SMC Healthcare unit to manage SABIC Hospital
SMC Healthcare announced the signing of a management and operations contract for Sabic Specialized Behavioral Care Hospital with the Ministry of Health, as part of the completion of the project award to Al-Mukhtas health medical company. The contract includes full operational management of the hospital, with the expected financial impact to be reflected directly in the second quarter of the 2027 fiscal year, upon commencement of operations. This project marks the company's first entry into the behavioral and psychological care sector and supports its strategy to diversify revenue sources and strengthen its presence in specialized healthcare services, in line with Saudi Arabia’s Vision 2030 to improve service quality and increase private sector participation.
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