Dr. Sulaiman Al Habib Medical Services Group Co. will commence operations at Al Muhammadiyah Hospital in Jeddah on June 15.
The final license was obtained on May 8 from the Ministry of Health, Sulaiman Al Habib said in a statement to Tadawul.
The healthcare services provider announced the completion of testing and commissioning operations, including the medical, nursing, technical and administrative staff.
The hospital will launch operations in phases, in line with operational requirements to meet the growing number of clients
The relevant financial impact will likely appear starting Q2 2025, the company added.
Located in northern Jeddah, the 350-bed Al Muhammadiyah Hospital spans an area of approximately 24,130 square meters.
The project’s total cost is estimated at SAR 2.6 billion, according to Argaam data.