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Specialized Medical Co Awards SAR148 Million Hospital Construction Deal in Saudi Arabia

MT Newswires·09/28/2026 02:06:27
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02:06 AM EDT, 09/28/2026 (MT Newswires) -- Specialized Medical Co (SASE:4019), or SMC Healthcare, awarded a 148.4 million-Saudi-riyal contract for the SMC3 Hospital in Riyadh, Saudi Arabia, to Maharat Al ‎Injaz Co. The one-year contract covers the foundation, ‎construction and full structural ‎works at the hospital, according to a Monday filing. The project is part of the hospital operator's expansion strategy in Riyadh. Construction is expected to be completed in the fourth quarter of 2028, with the hospital's operations to begin within the same quarter.