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Almoosa Health Company signed a 608,852,889 SR contract (excluding VAT) with Almajal Alarabi Group for electrical, mechanical, and integrated architectural finishing works at the Almoosa Specialized Hospital in AlHofuf.
The contract execution period is 16 months, with work commencing immediately to ensure full operational readiness upon completion.
Financing for the project will be sourced from company funds and long-term Shariah-compliant facilities from local banks.
The financial impact of the contract is expected to begin once the hospital is completed and becomes operational.

Element List	Explanation
Introduction	Almoosa Health Company announces the signing of a contract dated 26 February 2026 with Almajal Alarabi Group for the execution of electrical and mechanical works and integrated architectural finishing works for the Almoosa Specialized Hospital Project in AlHofuf City.
Date of Announcement of the Award	2026-02-26 Corresponding to 1447-09-09
Contract Subject Matter	Contract for the execution of electrical and mechanical works and integrated architectural finishing works for the Almoosa Specialized Hospital Project in AlHofuf City.
The Entity with Which the Contract was Signed	Almajal Alarabi Group (MAG)
Date of Signing the Contract	2026-02-26 Corresponding to 1447-09-09
Contract Value	608,852,889 SR. excluding VAT
Contract Details	The scope of the contract includes the execution of electrical and mechanical works, in addition to integrated architectural finishing works for the Almoosa Specialized Hospital Project in AlHofuf City. This includes all complementary internal and external works, to be carried out in accordance with the approved engineering drawings and technical specifications, ensuring full operational readiness of the project upon completion. The execution of the works will commence immediately, with the project expected to be completed within a period of 16 months
Contract Duration	16 Months
Financial Impact and the Relevant Period	The financial impact of this contract is expected to commence upon the completion and operation of the hospital.
Related Parties	There are no related parties involved
Additional Information	The Company intends to finance the Project through its own resources and long-term Shariah-compliant facilities from local banks.

Almoosa Health Company announces the signing of a contract with Almajal Alarabi Group for the execution of electrical and mechanical works and integrated architectural finishing works for the Almoosa Specialized Hospital Project in AlHofuf