Element List	Explanation
Introduction	Almoosa Health Company announces the signing of a contract on November 26, 2025, with BEC Arabia Contracting Company to carry out preliminary construction works, foundation works, and the construction of the concrete structure for Almoosa Specialist Hospital project in Alkhobar.
Date of Announcement of the Award	2025-11-26 Corresponding to 1447-06-05
Contract Subject Matter	Contract for the execution of preliminary construction works, foundation works, and structural works for Almoosa Specialist Hospital project in Alkhobar.
The Entity with Which the Contract was Signed	BEC Arabia Contracting Company.
Date of Signing the Contract	2025-11-26 Corresponding to 1447-06-05
Contract Value	SAR 657,500,000, excluding VAT
Contract Details	The contract includes the execution of preliminary construction works, foundation works, and the construction of the concrete structure for the Almoosa Specialist Hospital project in Alkhobar. The scope of work covers all tasks related to these phases, in accordance with the approved plans and specifications. Excavation and site leveling works have been completed, and the contract execution will commence immediately, in accordance with the approved project schedule and in alignment with the overall implementation plan.
Contract Duration	24 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 plans to finance the project through long-term bank financing structured in full compliance with Islamic Sharia principles.