Red Sea Hospitals Contracts – Suleiman Al-Habib Group
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Summary of Suleiman Al-Habib Group Contracts
Contracts Awarded: Suleiman Al-Habib Group has been awarded contracts to operate the Red Sea Hospital and Amal Hospital. services Provided: These contracts encompass a wide range of medical services, including:
Providing medicines
Medical supplies
Non-supportive medical services
Design review
Experimental testing for operational requirements (to ensure quality)
Financial Impact:
the combined value of the two contracts is expected to exceed 5% of the group’s total annual revenues.
The group’s 2024 revenues were over 11.2 billion riyals.
The financial impact of the Red Sea Hospital contract will be seen starting in Q4 2025.
the financial impact of the Amal Hospital contract will be seen starting in Q1 2026.
Medical Services Offered at New Hospitals: The new hospitals will include external clinics in multiple specialties, as well as emergency services.
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