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.

Element List	Explanation
Introduction	Specialized Medical Company (SMC Healthcare) announces that its subsidiary, Al-Mukhtas Al-Sehhi Medical, in which SMC holds a 51% ownership, has received a project award letter from the Government of the Kingdom of Saudi Arabia (Ministry of Health) to manage and operate the SABIC Behavioral Care Specialist Hospital, a 150-bed mental health facility, under a Public-Private Partnership (PPP) model.
Date of Award	2026-06-17 Corresponding to 1448-01-02
Counterparty	The Government of the Kingdom of Saudi Arabia (Ministry of Health) -acting as the procurer and asset owner under the Project Agreement.
Project Value	The total estimated project value is approximately SAR 3.8 billion, inclusive of Value Added Tax (VAT).
Project Details	Under this PPP agreement, Al-Mukhtas Al-Sehhi Medical will be responsible for the full management and operation of the SABIC Behavioral Care Specialist Hospital on behalf of the Ministry of Health. The facility features 150 beds, 19 outpatient clinics, and 6 dedicated day-care rooms, in addition to specialized services in mental health, addiction treatment, rehabilitation, and aftercare. The scope of the project includes medical and non-medical operations and maintenance, facility management, equipment management, and specialized clinical and non-clinical services in mental health and addiction treatment. The contract term is 15 years.
Related Parties	NA
Additional Information	The Company confirms that the award decision does not create any legal or financial obligation on the government entity unless and until the contract is executed by all parties. Any material developments will be announced in due course in accordance with the relevant laws and regulations.