Specialized Medical Co. Proceeds With Plan to Launch Real Estate Fund

08:52 AM EST, 12/22/2025 (MT Newswires) -- Specialized Medical Co. (SASE:4019) signed an agreement with Bank of London and The Middle East plc unit BLME Capital to establish its planned real estate fund. Al Wadi Real Estate Fund, which has a total projected size of 413 million Saudi riyals, comprising equity capital of 163 million riyals and debt financing of 250 million riyals, will receive a 4,210-square-meter land parcel from the company as an equity contribution valued at 100 million riyals, according to a Monday filing. The Saudi Arabia-listed hospital operator plans to raise the remaining equity capital of 63 million riyals from institutional and qualified investors. The fund will develop a mixed-use project on the contributed land in Riyadh, Saudi Arabia.