| Element List | Explanation |
|---|---|
| Introduction | Dr. Soliman Abdulkader Fakeeh Hospital Company ("DSFH") and its subsidiaries ("Fakeeh Care Group", "Group", "Fakeeh Care") is pleased to announce the signing of a memorandum of understanding with Samsung C&T Corporation Saudi Arabia to explore cooperation opportunities for the co-development of healthcare projects in the Kingdom of Saudi Arabia and the application of smart hospital systems powered by artificial intelligence (AI). Aligned with Saudi Vision 2030, the cooperation seeks to expand healthcare infrastructure, integrate advanced technology into care delivery, and support the Kingdom's position as a regional hub for healthcare innovation. |
| Memorandum Signing Date | 2026-05-14 Corresponding to 1447-11-27 |
| Counterparty | Samsung C&T Corporation Saudi Arabia |
| Memorandum Subject | The Memorandum of Understanding aims to strengthen the strategic collaboration between Fakeeh Care Group and Samsung C&T Corporation Saudi Arabia in developing healthcare projects and smart hospitals across the Kingdom of Saudi Arabia through the adoption of artificial intelligence technologies and advanced operational and development models that support the objectives of Saudi Vision 2030. Areas of Cooperation: • Developing healthcare projects and smart hospitals in the Kingdom of Saudi Arabia. • Implementing artificial intelligence technologies and smart hospital systems inspired by the South Korean experience • Coinvesting on the build and operation of healthcare projects under a Property and Operating Company model. |
| Memorandum Duration | One Year starting May 14, 2026 and extendable by mutual consent |
| Related Parties | N/A |
| Financial Impact | N/A |
| Additional Information | N/A |