Al-Mowasah faces lawsuit over 335.38M riyals

Al-Mouwasat Company for Medical Services has filed a lawsuit against Al Atibaa for Medical Projects, demanding to divest from its stake in Jeddah Doctors Company in exchange for approximately 335.38 million riyals. The lawsuit was filed at the Dammam Commercial Court and is dated October 12, 2026. It includes a request to relinquish its entire 32.42% stake in the company in exchange for the amount specified in the complaint. Currently, Al-Mouwasat holds a majority shareholding of 51%, and no formal sale agreement has yet been signed. The company is reviewing legal documents in preparation, emphasizing that the lawsuit will not affect ongoing operations or the opening of the hospital, which is scheduled for this quarter after final licensing is obtained.

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