Kingdom Holding to Expand Hospital in 550 Million-Riyal Project

Kingdom Holding Co., a diversified investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, said it plans to expand Kingdom Hospital in a project valued at 550 million riyals.

The expansion will be carried out over three years to meet increasing demand in the healthcare industry, it said in a statement to the Saudi bourse today.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

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