Among Mouwasat Medical Services Co. health centers
Mouwasat Medical Services Co.revealed its intent to divest its financial investment in Advanced Medical Projects Co.
Advanced Medical, owned similarly by Mouwasat and Magrabi Hospitals and Centers Co., offers ophthalmology services from Magrabi Eye Center, situated beside Mouwasat Hospital in Dammam. The business’s capital stands at SAR 10 million.
In a declaration toTadawulthe business stated that a contract had actually been formerly concurred in between the 2 celebrations to extend the period of the memorandum of association, which ended on Dec. 31, 2022, till completion of 2025.
A subsequent modification concluded that the service will continue to be offered by Magrabi Eye Center till the end of January 2024.
Mouwasat Hospital in Dammam will use services to its clients from the very same center through Mouwasat Eye Center beginning Feb. 1, 2024.
The business’s management thinks the center will contribute favorably to its monetary outcomes.
The monetary effect of the exit treatments will be revealed upon its conclusion, the declaration included.