Arabian International Healthcare Holding Co. Announces the signing of a definitive Joint Venture Agreement with UNILABS DIAGNOSTICS AB to establish a Limited Liability Company owned 51% by UNILABS – 49% by TIBBIYAH in the Kingdom of Saudi Arabia.
Arabian International Healthcare Holding Company (“TIBBIYAH”) listed on the Saudi Exchange Market (“Nomu”) under (SYMBOL: TIBBIYAH/9530) (ISIN:SA15H194KT19), a leading integrated healthcare solutions provider in the Kingdom, today announced that it has entered into a definitive Joint Venture Agreement to cooperate with UNILABS DIAGNOSTICS AB in the formation and operation of a limited liability company to be called Saudi European Diagnostics Company (“SEDC”) in the Kingdom to be owned 51% by UNILABS – 49% by TIBBIYAH, to provide diagnostic imaging services to hospitals, medical centers and clinics and invest in, operate, manage and maintain departments or divisions of hospitals, medical centers and clinics specializing in diagnostic imaging services in the public and private sectors.
