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4/9/25, 10:20 AM Saudi German Health sells Riyadh land for SAR 122M, makes SAR 114M capital gain
Saudi German Health sells Riyadh land for SAR 122M, makes SAR
114M capital gain
24/03/2025 Argaam
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One of Middle East Healthcare Co. (Saudi German Health) hospitals
Middle East Healthcare Co. (Saudi German Health) completed the sale of a 4,000-square meter land
plot in Riyadh’s Al-Sahafa district for SAR 122 million, exclusive of real estate transaction tax.
For more news and details on M&As
In a Tadawul statement, the company said the buyers are Al-Lujain Architectural Company for
Development and Real Estate Investment, with 50% ownership, Abdullah Hamad Al-Mugames Real
Estate Development Co. (25% stake), and Mohammed Abdulrahman Al-Mugames Real Estate
Development Co. (25% stake).
The asset book value is SAR 7.99 million, Saudi German Health said, adding that the sale is part of
the company's efforts to strengthen its financial position and improve cash flow.
The relevant financial impact will likely appear in the results of the quarter, in which the sale occurred.
https://www.argaam.com/en/article/articledetail/id/1799707 1/2
