AYYAN clarifies details of Al Salam Hospital-Aramco agreement

Logo of AYYAN Investment Co. 

AYYAN Investment Co. clarified that the recently signed agreement between its subsidiary, Al Salam Medical Services Co. (Al Salam Hospital), and Saudi Arabian Oil Co. (Aramco) is a non-binding agreement to provide medical services to Aramco employees.

Moreover, the agreement does not include contracts for the sale or supply of services for specific amounts and does not have any material financial impact on the company’s operations, AYYAN said in a statement to Tadawul.

AYYAN added that its subsidiary, Al-Ahsa Medical Services Co., previously entered into medical service agreements with Aramco. This agreement is part of the operational activities of AYYAN-affiliated hospitals, and it is similar to any other agreement to provide medical services to employees of health-care companies.

The company stressed its keenness and commitment to disclose important events in accordance with the rules and regulations issued by the Capital Market Authority (CMA).