Alandalus Property Co. announced that the company's joint venture with Dr. Sulaiman Al Habib Medical Services Group in Jeddah, of which 50% is owned by the Company. Completion of the execution of the Project's construction works and electrical and mechanical works for the operational requirements, and the connection and launch of water, electricity and air conditioning services in the Project, and the completion of the supply of the materials for operational requirements, including medical devices, medical furniture and non-medical furniture, and the completion of the recruitment of medical and nursing staffs for the phased operational requirements of the Project.

Event's Expected Completion Date It expected that testing and commissioning works for the operational requirements of the Project elements and furniture installation will continue during the First quarter of the fiscal year 2024, in preparation for obtaining required licenses and then operating the Project during First quarter of the fiscal year 2022, after obtaining the relevant regulatory approvals and licenses.