Dr. Sulaiman Al-Habib Medical Services Group announced that the Board of Directors has approved the construction of a new hospital in Riyadh as a branch of Gharb Al-Takhassusi Hospital, on land owned by the Company, which is located at the intersection of Al-Takhassusi Road with King Abdullah Road, and has an area of 7,170 square meters, at an estimated cost of SAR 472 million. The expected project start date is Third Quarter 2020, subject to approval received from the relevant authorities The expected project completion date is Fourth Quarter 2023. The project is expected to have a positive impact on the financial results of the Company from commencement of operations which is expected to commence on First Quarter 2024. Details of the financial impact will be announced in due course. The Company-s management expects that the commercial operation of the project will take place during First Quarter 2024, after obtaining the approval of the Ministry of Health The parties will be announced once the requisite approvals have been obtained from the relevant authorities.