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Specialized Medical Center Hospital

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uuid0000vrv

Namestring
Specialized Medical Center Hospital
Legal namestring
SMC Healthcare (اس ام سي للرعاية الصحية)
Websiteurl
smc.com.sa
Company typeenum
Public
Founded yearint
1999
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
multi-specialty hospital services, outpatient clinical services, diagnostic imaging services, home healthcare services, surgical care services
Industry3 codes
1Community & Regional General Hospitals
CodeHLAFAAABPrimaryYes
2Hospital-Operated Urgent Care Centers
CodeHLAFADACPrimaryNo
3Serious Mental Illness (SMI) Telepsychiatry & Care Coordination Platforms
CodeHLALAEAHPrimaryNo
NAICS code3 codes
  • General Medical and Surgical Hospitals622110
  • Specialty (except Psychiatric and Substance Abuse) Hospitals622310
  • Offices of Physicians (except Mental Health Specialists)621111
SIC code3 codes
  • Services-General Medical & Surgical Hospitals, Nec8062
  • Services-Hospitals8060
  • Services-Offices & Clinics Of Doctors Of Medicine8011
Product category
Multi-Specialty Hospital Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Hospital Patient Services
TypeSubscription Recurring
Description

Revenue generated from providing medical services to patients including outpatient consultations, inpatient care, emergency services, diagnostic tests, surgeries, and dental services. Services are provided across 250+ outpatient clinics and 600+ hospital beds.

argaam.com
2Public-Private Partnership Contract
TypeManaged Services
Description

SAR 3.8 billion 15-year contract to operate and manage the SABIC Behavioral Care Specialist Hospital (150 beds, 19 outpatient clinics, 6 day-care rooms) under a PPP model with Saudi Arabia's Ministry of Health. Revenue covers full medical and non-medical operations, facility management, and specialized clinical services in mental health and addiction treatment.

argaam.com
3Credit Facility / Financing
TypeLicensing Royalties
Description

SAR 1.1 billion ($293.29 million) credit facility from Saudi Awwal Bank comprising SAR 800 million long-term and SAR 300 million short-term components to finance construction of SMC 4 Hospital in Riyadh and working capital.

zawya.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Pricing details1 tier
1Hospital inpatient and outpatient services
ModelOtherBilling cadencePay-as-you-go
Notes

Pricing not publicly disclosed. Services include emergency care (24/7), outpatient clinics (9am–9pm), 600+ hospital rooms, dental services, cosmetic center, home healthcare, and virtual consultations. Customer satisfaction reported at 95%.

smc.com.sa
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Specialized Medical Center Hospital (SMC) operates multi-specialty hospitals and outpatient clinics in Riyadh, Saudi Arabia, delivering comprehensive medical, surgical, diagnostic, emergency, dental, and cosmetic care across 600+ beds and 250+ outpatient clinics. Beyond direct patient services, SMC runs home healthcare, virtual consultations, and a mobile application for appointment booking and medical records, and holds a 15-year PPP contract to operate the SABIC Behavioral Care Specialist Hospital.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 95% customer satisfaction rate
+3 more records
Product overview1 text field

SMC Healthcare (Specialized Medical Center Hospital) operates a multi-facility hospital network in Riyadh, Saudi Arabia, consisting of two operational hospitals (King Fahd Road and King Abdullah Road), one under construction hospital (SMC 4 on Northern Ring Road), and outpatient clinics (Al Malqa). The network offers over 600 beds, 250+ outpatient clinics, and 500+ physicians across all medical specialties. The company provides digital health services through a patient portal, mobile application, virtual consultations, and home healthcare services. Medical services include emergency care, surgical services (20 operating rooms), intensive care units, diagnostic imaging, laboratory services (with Mayo Clinic reference), dental care, and cosmetic procedures. The company was established in 1999 and currently operates over 2,500 medical and administrative staff.

Product and service2 records
1SMC Hospital (King Fahd Road)
CategoryMulti-Specialty Hospital Services
Description

Main hospital facility on King Fahd Road in Riyadh offering comprehensive multi-specialty medical and surgical services with 450+ beds, 150+ specialized outpatient clinics, 20 operating theaters, emergency department, ICU, and cardiac care.

2SMC Hospital (King Abdullah Road)
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
1Al-Mukhtas Al-Sehhi Medical Co.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-18
Description

SMC's 51%-owned subsidiary Al-Mukhtas Al-Sehhi Medical Co. was awarded a SAR 3.8 billion, 15-year PPP contract by Saudi Arabia's Ministry of Health to operate and manage the SABIC Behavioral Care Specialist Hospital. This subsidiary is the operational vehicle for the PPP project.

argaam.com
Strategic tierCoreTypeStrategic or Co-development Partner
Description

The Ministry of Health awarded SMC's subsidiary the PPP contract for the SABIC Behavioral Care Specialist Hospital (150-bed mental health facility with 19 outpatient clinics and 6 day-care rooms) under a Public-Private Partnership model covering full medical and non-medical operations, facility management, and specialized clinical services.

3SEH Healthcare Consortium
Strategic tierCoreTypeStrategic or Co-development Partner
Description

SMC Healthcare leads the SEH Healthcare consortium together with Dr. Eble German Group and Portal Health to operate the SABIC Behavioral Care Specialist Hospital, combining national and international expertise in mental health and behavioral care services.

sahmcapital.com
4Dr. Eble German Group (مجموعة د. إيبل الألمانية)
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

German medical group partnered with SMC Healthcare as part of the SEH Healthcare consortium to provide international expertise and an advanced operational model in mental health and behavioral care at the SABIC Behavioral Care Specialist Hospital.

sahmcapital.com
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

SMC Healthcare's laboratories are linked with Mayo Clinic laboratories in the United States, providing support through rare diagnostic testing and continuous expert consultation exchange, enabling access to the highest standards of medical diagnostics.

Strategic tierMinorTypeOthers
Description

The National Center for Privatization oversees the PPP projects awarded by the Ministry of Health, under which SMC's subsidiary won the SABIC Behavioral Care Specialist Hospital contract.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Largest publicly listed private healthcare provider in Saudi Arabia (HMG), operating multi-specialty hospitals across multiple cities including Riyadh. Most direct listed comparables for SMC given similar multi-specialty model and Tadawul listing.

TypeBroad incumbent
Description

Public Saudi hospital operator (Tadawul-listed) running multi-specialty hospitals in Eastern Province and other regions. Comparable in scale and listed-company structure to SMC.

TypeDirect peer
Description

Major private multi-specialty hospital group operating across Saudi Arabia with full-service offerings (cardiology, surgery, diagnostics). Most direct competitor profile to SMC within Riyadh and KSA.

TypeBroad incumbent
Description

Public Saudi healthcare holding company (Tadawul-listed) operating multi-specialty hospitals and healthcare services in Riyadh. Direct listed comparable with overlapping service portfolio and Riyadh footprint.

TypeBroad incumbent
Description

Major specialty and general hospital operator in Riyadh with strong tertiary care and research capabilities. Comparable as a Riyadh-based multi-specialty referral hospital with brand strength.

TypeDirect peer
Description

Public Saudi healthcare company (Tadawul-listed) operating Riyadh-based hospital and clinic network. Directly comparable to SMC in scale, location, and listed-company structure.

TypeDirect peer
Description

Major private hospital group with flagship operations in Jeddah and expanding presence across Saudi Arabia. Comparable as a multi-specialty private hospital operator pursuing Saudi Vision 2030 expansion.

TypeRegional player
Description

Long-established private hospital group primarily in the Eastern Province. Comparable multi-specialty offering and Saudi private market positioning, but with Eastern rather than Central region focus.

TypeRegional player
Description

Major multi-specialty private hospital in Jeddah with comparable service portfolio (cardiology, surgery, diagnostics). Comparable as a Saudi private multi-specialty operator but with Western region focus.

10Dr. Eble German Group
TypeEmerging player
Description

German healthcare group partnering with SMC as part of the SEH consortium for the SABIC Behavioral Care Hospital PPP. Comparable as an international hospital operator with Saudi market ambitions through partnership structures.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Specialized Medical Center Hospital

Multi-Specialty Hospital Servicessmc.com.sa

Specialized Medical Center Hospital firmographics

Firmographics
Name
Specialized Medical Center Hospital
Legal name
SMC Healthcare (اس ام سي للرعاية الصحية)
Website
https://smc.com.sa
Company type
Public
Founded year
1999
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Specialized Medical Center Hospital industry classification

Industry
Product category
Multi-Specialty Hospital Services
NAICS
General Medical and Surgical Hospitals (622110), Specialty (except Psychiatric and Substance Abuse) Hospitals (622310), Offices of Physicians (except Mental Health Specialists) (621111)
SIC
Services-General Medical & Surgical Hospitals, Nec (8062), Services-Hospitals (8060), Services-Offices & Clinics Of Doctors Of Medicine (8011)
akta.pro primary industry
Community & Regional General Hospitals (HLAFAAAB)
akta.pro secondary industries
Hospital-Operated Urgent Care Centers (HLAFADAC), Serious Mental Illness (SMI) Telepsychiatry & Care Coordination Platforms (HLALAEAH)

Keywords

  • Multi-specialty hospital services
  • Outpatient clinical services
  • Diagnostic imaging services
  • Home healthcare services
  • Surgical care services

Where Specialized Medical Center Hospital is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices4 records

Markets served

Specialized Medical Center Hospital business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

  1. Hospital Patient Services: Revenue generated from providing medical services to patients including outpatient consultations, inpatient care, emergency services, diagnostic tests, surgeries, and dental services. Services are provided across 250+ outpatient clinics and 600+ hospital beds.
  2. Public-Private Partnership Contract: SAR 3.8 billion 15-year contract to operate and manage the SABIC Behavioral Care Specialist Hospital (150 beds, 19 outpatient clinics, 6 day-care rooms) under a PPP model with Saudi Arabia's Ministry of Health. Revenue covers full medical and non-medical operations, facility management, and specialized clinical services in mental health and addiction treatment.
  3. Credit Facility / Financing: SAR 1.1 billion ($293.29 million) credit facility from Saudi Awwal Bank comprising SAR 800 million long-term and SAR 300 million short-term components to finance construction of SMC 4 Hospital in Riyadh and working capital.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goHospital inpatient and outpatient services

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Specialized Medical Center Hospital product offering

Product offering

Core offering

Specialized Medical Center Hospital (SMC) operates multi-specialty hospitals and outpatient clinics in Riyadh, Saudi Arabia, delivering comprehensive medical, surgical, diagnostic, emergency, dental, and cosmetic care across 600+ beds and 250+ outpatient clinics. Beyond direct patient services, SMC runs home healthcare, virtual consultations, and a mobile application for appointment booking and medical records, and holds a 15-year PPP contract to operate the SABIC Behavioral Care Specialist Hospital.

Product overview

SMC Healthcare (Specialized Medical Center Hospital) operates a multi-facility hospital network in Riyadh, Saudi Arabia, consisting of two operational hospitals (King Fahd Road and King Abdullah Road), one under construction hospital (SMC 4 on Northern Ring Road), and outpatient clinics (Al Malqa). The network offers over 600 beds, 250+ outpatient clinics, and 500+ physicians across all medical specialties. The company provides digital health services through a patient portal, mobile application, virtual consultations, and home healthcare services. Medical services include emergency care, surgical services (20 operating rooms), intensive care units, diagnostic imaging, laboratory services (with Mayo Clinic reference), dental care, and cosmetic procedures. The company was established in 1999 and currently operates over 2,500 medical and administrative staff.

Differentiator

Problem solved

Functional benefit

Products and services

  • SMC Hospital (King Fahd Road) Main hospital facility on King Fahd Road in Riyadh offering comprehensive multi-specialty medical and surgical services with 450+ beds, 150+ specialized outpatient clinics, 20 operating theaters, emergency department, ICU, and cardiac care.
  • SMC Hospital (King Abdullah Road)

Quantifiable outcome

  • 95% customer satisfaction rate
  • +3 more outcomes

Companies that use Specialized Medical Center Hospital

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Specialized Medical Center Hospital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Specialized Medical Center Hospital partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

  • Al-Mukhtas Al-Sehhi Medical Co.coreStrategic or Co-development Partner · 18 June 2026SMC's 51%-owned subsidiary Al-Mukhtas Al-Sehhi Medical Co. was awarded a SAR 3.8 billion, 15-year PPP contract by Saudi Arabia's Ministry of Health to operate and manage the SABIC Behavioral Care Specialist Hospital. This subsidiary is the operational vehicle for the PPP project.
  • Saudi Arabia Ministry of HealthcoreStrategic or Co-development PartnerThe Ministry of Health awarded SMC's subsidiary the PPP contract for the SABIC Behavioral Care Specialist Hospital (150-bed mental health facility with 19 outpatient clinics and 6 day-care rooms) under a Public-Private Partnership model covering full medical and non-medical operations, facility management, and specialized clinical services.
  • SEH Healthcare ConsortiumcoreStrategic or Co-development PartnerSMC Healthcare leads the SEH Healthcare consortium together with Dr. Eble German Group and Portal Health to operate the SABIC Behavioral Care Specialist Hospital, combining national and international expertise in mental health and behavioral care services.
  • Dr. Eble German Group (مجموعة د. إيبل الألمانية)flagshipStrategic or Co-development PartnerGerman medical group partnered with SMC Healthcare as part of the SEH Healthcare consortium to provide international expertise and an advanced operational model in mental health and behavioral care at the SABIC Behavioral Care Specialist Hospital.
  • Mayo Clinic LaboratoriesflagshipStrategic or Co-development PartnerSMC Healthcare's laboratories are linked with Mayo Clinic laboratories in the United States, providing support through rare diagnostic testing and continuous expert consultation exchange, enabling access to the highest standards of medical diagnostics.
  • National Center for Privatization (المركز الوطني للتخصيص)minorOthersThe National Center for Privatization oversees the PPP projects awarded by the Ministry of Health, under which SMC's subsidiary won the SABIC Behavioral Care Specialist Hospital contract.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Specialized Medical Center Hospital competitors and assessment

Company assessment

Broad incumbents

  • Dr. Sulaiman Al Habib Medical Group: Largest publicly listed private healthcare provider in Saudi Arabia (HMG), operating multi-specialty hospitals across multiple cities including Riyadh. Most direct listed comparables for SMC given similar multi-specialty model and Tadawul listing.
  • Mouwasat Medical Services Company: Public Saudi hospital operator (Tadawul-listed) running multi-specialty hospitals in Eastern Province and other regions. Comparable in scale and listed-company structure to SMC.
  • Dallah Health Company: Public Saudi healthcare holding company (Tadawul-listed) operating multi-specialty hospitals and healthcare services in Riyadh. Direct listed comparable with overlapping service portfolio and Riyadh footprint.
  • King Faisal Specialist Hospital and Research Centre: Major specialty and general hospital operator in Riyadh with strong tertiary care and research capabilities. Comparable as a Riyadh-based multi-specialty referral hospital with brand strength.

Direct peers

  • Saudi German Hospitals Group: Major private multi-specialty hospital group operating across Saudi Arabia with full-service offerings (cardiology, surgery, diagnostics). Most direct competitor profile to SMC within Riyadh and KSA.
  • National Medical Care Company (Care Medical): Public Saudi healthcare company (Tadawul-listed) operating Riyadh-based hospital and clinic network. Directly comparable to SMC in scale, location, and listed-company structure.
  • Fakeeh Care Group: Major private hospital group with flagship operations in Jeddah and expanding presence across Saudi Arabia. Comparable as a multi-specialty private hospital operator pursuing Saudi Vision 2030 expansion.

Regional players

  • Almana General Hospital: Long-established private hospital group primarily in the Eastern Province. Comparable multi-specialty offering and Saudi private market positioning, but with Eastern rather than Central region focus.
  • International Medical Center (IMC) Jeddah: Major multi-specialty private hospital in Jeddah with comparable service portfolio (cardiology, surgery, diagnostics). Comparable as a Saudi private multi-specialty operator but with Western region focus.

Emerging players

  • Dr. Eble German Group: German healthcare group partnering with SMC as part of the SEH consortium for the SABIC Behavioral Care Hospital PPP. Comparable as an international hospital operator with Saudi market ambitions through partnership structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Specialized Medical Center Hospital social profiles

Digital presence

Specialized Medical Center Hospital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Specialized Medical Center Hospital leadership team

Management profile

Number of profiles

Profiles1 record

Specialized Medical Center Hospital subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Specialized Medical Center Hospital funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Specialized Medical Center Hospital M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Specialized Medical Center Hospital

What does Specialized Medical Center Hospital do?

Specialized Medical Center Hospital (SMC) operates multi-specialty hospitals and outpatient clinics in Riyadh, Saudi Arabia, delivering comprehensive medical, surgical, diagnostic, emergency, dental, and cosmetic care across 600+ beds and 250+ outpatient clinics. Beyond direct patient services, SMC runs home healthcare, virtual consultations, and a mobile application for appointment booking and medical records, and holds a 15-year PPP contract to operate the SABIC Behavioral Care Specialist Hospital.

Is Specialized Medical Center Hospital a public or private company?

Specialized Medical Center Hospital is a public company. It is classified as public and is currently operating.

When was Specialized Medical Center Hospital founded?

Specialized Medical Center Hospital was founded in 1999. It employs 1,001 to 5,000 people.

Where is Specialized Medical Center Hospital based?

Specialized Medical Center Hospital is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Specialized Medical Center Hospital make money?

Three revenue lines are on record. Hospital Patient Services are the primary driver. The others are public-Private Partnership Contract and credit Facility / Financing.

Who are Specialized Medical Center Hospital's main competitors?

Broad incumbents on record are Dr. Sulaiman Al Habib Medical Group, Mouwasat Medical Services Company, Dallah Health Company and King Faisal Specialist Hospital and Research Centre. Direct peers are Saudi German Hospitals Group, National Medical Care Company (Care Medical) and Fakeeh Care Group. Regional players are Almana General Hospital and International Medical Center (IMC) Jeddah. Dr. Eble German Group is listed as an emerging player.

Does Specialized Medical Center Hospital have an API?

No public API is recorded for Specialized Medical Center Hospital.

What industry is Specialized Medical Center Hospital in?

Specialized Medical Center Hospital's product category is Multi-Specialty Hospital Services. Its primary akta.pro industry code is HLAFAAAB, Community & Regional General Hospitals, with a secondary code of HLAFADAC, Hospital-Operated Urgent Care Centers. Its NAICS code is 622110 and its SIC code is 8062.

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Live signals
eyeofriyadh.comSMC signs SAR 148.5M contract for Riyadh hospital constructionSMC signed a SAR 148.45 million construction contract with Mahart Al-Injaz for SMC 3 Hospital in Riyadh, covering foundation and structural work. The 360-day project, costing SAR 1.3 billion total, will add 296 beds and 200 outpatient clinics, with completion expected in Q4 2028.ArgaamSMC Q2 profit rise driven by cost efficiencySpecialized Medical Co. (SMC) reported a 24% increase in Q2 2026 net profit compared to approximately 5% revenue growth, driven by improved operating efficiency, cost optimization across general, administrative, financing, and marketing expenses, and the absence of one-time rebranding costs from the prior year. The company completed opening 57 new outpatient clinics last year and expects its new operating models—including extended hours, multi-room physician assignments, and consolidated shared services—to further improve profitability as facilities scale. SMC has a 15-year agreement for the SABIC Specialized Behavioral Care Hospital valued at approximately SAR 3.8 billion, with Q3 business activity recovering after temporary disruptions from geopolitical tensions.ArgaamSMC sees SAR 7.3M negotiated dealThe Saudi Exchange (Tadawul) recorded one negotiated deal worth SAR 7.32 million on Specialized Medical Co. (SMC) on August 2, involving 500,000 shares at SAR 14.64 per share.SahmcapitalAramco (2222) Weighs Global Storage Expansion; stc (7010) Extends HUMAIN AI MoU; SMC (4019) Up 5% after Wins SAR 3.8B ContractSaudi Arabian Oil Co. is weighing expansion of its global storage capacity after the Iran war disrupted energy supplies through the Strait of Hormuz, with Chairman Yasir Al-Rumayyan citing regulatory hurdles for European investments despite €98 billion in prior regional capital deployment. Separately, Saudi Telecom Co. extended its artificial intelligence partnership with HUMAIN by six months for regulatory alignment on a planned data center joint venture, while Specialized Medical Co. subsidiary Al-Mukhtas Al-Sehhi Medical secured a SAR 3.8 billion public-private partnership contract to manage the 150-bed SABIC Behavioral Care Specialist Hospital for 15 years.eyeofriyadh.comSMC signs SAR 99M lease for Riyadh outpatient clinics centerSpecialized Medical Co. (SMC) signed a SAR 98.99 million lease agreement with Asas Althbat Co. to rent a building in Riyadh's Al Malqa district for its first outpatient clinic center. The 15-year lease will house 35 outpatient clinics across multiple specialties including dentistry, pediatrics, and urgent care, with operations expected to begin in Q1 2026. The financial impact will be reflected in consolidated statements starting Q4 2025, while operational impact will appear in the first half of 2026.ArabnewsClosing Bell: Saudi main index ends week in greenSaudi Arabia's Tadawul All Share Index extended its upward streak to three consecutive days, gaining 0.12% to close at 11,696.58 with a trading turnover of SR6.13 billion. Specialized Medical Co. announced signing a SR1.1 billion Shariah-compliant credit facility with Saudi Awwal Bank to finance a new hospital project in Riyadh, comprising an SR800 million long-term facility and SR300 million short-term facility. Atlas Elevators General Trading and Contracting Co. disclosed a SR2.49 billion contract with Rawaf Bin Salman Al Rawaf Co. to supply and install 34 elevators for the Dar Taiba project in Madinah.ZawyaSpecialized Medical Company announces its intention to float on the Main Market of the Saudi ExchangeSpecialized Medical Company (SMC) announced its intention to float on the Main Market of the Saudi Exchange, after receiving CMA approval for a 30% share offering. The IPO aims to raise net proceeds for the company, which is expanding through new hospitals and clinics in Riyadh to meet increasing demand for healthcare services.GlobeNewswireMitel Provides Communications Solution for the Specialized Medical Center Hospital in RiyadhMitel implemented an IP telephony solution on its Communications Director platform for the Specialized Medical Center Hospital in Riyadh, Saudi Arabia. The solution supports nearly 2,000 staff and includes unified messaging and a centralized contact center, with expected savings from streamlined maintenance and lower call costs.