Saudi Mouwasat completes $27m acquisition of 51% of Jeddah Doctors Co.

  • 10/2/2022
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Saudi healthcare provider Mouwasat Medical Services Co. said that it has completed the acquisition of 51 percent of Jeddah Doctors Co. in a deal worth SR102 million ($27 million). The financial impact of this acquisition is expected to appear in the third quarter of 2022, according to a bourse filing. Jeddah Doctors Co. is a Saudi closed joint stock company that owns a hospital presently under construction in Jeddah called Jeddah Doctors Hospital.

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