Al-Mo'asafa Medical Faces 335M Riyals Lawsuit

Al-Mowasah Medical Services Company has filed a lawsuit against Al-Attab Medical Projects Company at the Dammam Commercial Court, demanding the full withdrawal of its stake amounting to 5.63 million shares, representing 32.42% of the shares of Jeddah Doctors Company, with claims valued at 335.38 million SAR. The company clarified that it cannot determine the financial impact of the lawsuit or the extent of the legal and regulatory risks arising from it. It also stated that there is no effect on its current operational activities, with the expectation of opening Jeddah Doctors Hospital during the current quarter after obtaining the necessary licenses. Additionally, Al-Mowasah confirmed that it has not entered into any sale agreement with Al-Attab Medical Projects Company and will announce any significant developments in a timely manner.

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