‎Al-Modawat updates on hospital expansion projects

‎<p><img src="https://argaamplus.s3.amazonaws.com/a59faf0c-e218-4891-99e2-4a2a806bd7bc.png" ></p> <p class="ckeCaption" >Logo of<span >Al-Modawat Specialized Medical Co.</span></p> <hr> <p ><!--StartFragment--><a href="https://www.argaam.com/en/tadawul/nomu/almodawat" target="_blank">Al-Modawat Specialized Medical Co.</a> provided an update on the expansion works and projects at <a href="https://www.argaam.com/en/disclosures/projects/details/projectid/2141" target="_blank">Al-Modawat Hospital</a>.<!--EndFragment--></p> <p ></p> <p >The healthcare services provider said given the high utilization rates in 2025 and H1 2026, it decided to increase the hospital’s inpatient capacity by 60% of its current total capacity by expanding the inpatient department in the eastern building.</p> <p ></p> <p >The second and third floors will be allocated to new inpatient suites, increasing the number of hospital suites by 700%, Al-Modawat said in a statement to <strong>Tadawul</strong>.</p> <p ></p> <p >The expansion will be carried out in two phases.</p> <p ></p> <p >Phase 1 includes preparing the second floor to add capacity equivalent to 30% of the hospital’s current total, representing a 350% increase in the number of suites.</p> <p ></p> <p >The phase is 70% complete, with the expected completion and start of operations in Q4 2026.</p> <p ></p> <p >Phase 2 includes completing the construction and fit-out of the third floor in the eastern building as an extension of the inpatient department. The plan is to add capacity equivalent to 30% of the hospital’s current total, representing an additional 350% increase in the number of suites.</p> <p ></p> <p >Works are expected to be completed and operations to commence in 2027.</p> <p ></p> <p >The company noted that construction and fit-out works for 42 new clinics in the hospital’s eastern building is complete.</p> <p ></p> <p >Furniture installation and medical equipment and supplies are currently being finalized, with the clinics are expected to begin operations in Q4 2026.</p> <p ></p> <p >It added that the 51-meter connecting corridor between the main building and the eastern expansion building is complete and operational, facilitating movement between the hospital buildings and enhancing integration among its facilities.</p> <p ></p> <p >CT scan unit is installed and operational, while the remaining works and fit-out of the radiology department are underway.</p> <p ></p> <p >The company explained that it had reprioritized its expansion projects and allocated space and resources at the current stage toward completing the new inpatient suites.</p> <p ></p> <p >Accordingly, it decided to reschedule the physical therapy department expansion project to a later phase of its expansion plan, in line with the hospital’s operational priorities.</p> <p ></p> <p >It added that expansion works have been carried out in the waiting lobby in the eastern building.</p> <p ></p> <p >The space allocated to the men’s gym was also modified to meet operational requirements, with fit-out works completed and operations commenced.</p> <p ></p> <p >The implementation of the women’s gym and laundry department expansion has been rescheduled to later phases of the expansion projects.</p> <p ></p> <p >Al-Modawat said the total costs associated with the development remain subject to change, given the ongoing expansion projects and continuous modifications and additions to their scope.</p> <p ></p> <p >The final cost will be determined upon completion of the project and reflected in the company’s financial results based on the completion rates and operational phases.</p> <p ></p> <p >The company noted that the stated operational dates remain subject to fulfilling all regulatory requirements and conditions and obtaining the necessary licenses and approvals from the relevant authorities.</p> <p ></p> <p >According to data available with <strong >Argaam</strong>, Al-Modawat’s board of directors decided in December 2025 to expand the company’s hospital works, commence a new phase of the expansion, and add new projects at the hospital.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

6th September 2026

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argaam.com

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