Specialized Medical Company (SMC Healthcare) announces the latest developments on the receipt of a project awarding letter from the Government of the Kingdom of Saudi Arabia (Ministry of Health)

Element List	Explanation
Introduction	Further to the announcement made by Specialized Medical Company (SMC Healthcare) on the Saudi Exchange on 18-06-2026 regarding the receipt by its subsidiary (Al-Mukhtas Al-Sehhi Medical) of a project awarding letter from the Government of the Kingdom of Saudi Arabia (Ministry of Health) to manage and operate the SABIC Behavioral Care Specialist Hospital, the company announces the signing of the project contract.
Previous Announcement	Specialized Medical Co. Announces Project Award with The Government of the Kingdom of Saudi Arabia (Ministry of Health) - acting as the procurer and asset owner under the Project Agreement.
Date of Previous Announcement on Saudi Exchange’s Website	2026-06-18 Corresponding to 1448-01-03
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The company announces the signing of the project contract to manage and operate the SABIC Behavioral Care Specialist Hospital. The financial impact of the project is expected to appear on the company’s financial statements by the second quarter of 2027, which coincides with the commencement of the project’s actual operation.
Reasons For The Delay on The Date of The Event Previously Announced	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A
Delay consequences on the Company’s financial results	N/A
Additional Information	This project represents a strategic milestone for SMC, marking its entry into the behavioral and mental healthcare sector and reinforcing its role as a trusted partner to the public sector in delivering specialized healthcare services. The contract further strengthens the Company’s long-term growth trajectory and diversified revenue base. This initiative is aligned with Saudi Arabia's Vision 2030 objectives to enhance the quality of healthcare services, expand private sector participation in the health system, and promote specialized care delivery across the Kingdom.