Element List	Explanation
Introduction	Mouwasat Medical Services Company announces that its Board of Directors, which met on Monday, Rajab 23, 1447, corresponding to January 12, 2026, has approved establishing a new hospital project in Riyadh - Al-Narjis District, with a capacity of 280 beds, including specialized medical centers, at a total cost of 900 million riyals.
Date of Board Resolution in Regard to the Project	2026-01-12 Corresponding to 1447-07-23
Project Start Date	will be Announced later
Project Cost	SAR 900 Million
Financing method for the project	The project will be self-financed and financed by local banks with long-term Shariah-compliant loans.
Expected completion date of the project	will be Announced later
Expected Financial Impact of the Project on the Company’s Results	The financial impact and any other material developments related to the project will be disclosed later
The Start of the Expected Impact of the Project on the Company’s Results	will be Announced later
Expected Date for the Pilot Production of the Project to Begin	Not applicable
Duration of the pilot production of the project	Not applicable
Expected date for the commercial production of the project	will be Announced later
Executing Party/Counter Party in the Project/Contract	Determination to be made later
Related Parties	No Related Parties
Additional Information	Any significant developments will be announced later.