The company said in a statement to the Saudi market (Tadawul) today, Monday, that it had established the Al-Shifa Technology Company Ltd. in Saudi Arabia and its headquarters in Riyadh.
(PATTK) indicated that it is acquiring a 60% stake in the new company, while the medical company, Al-Shifa Tech, acquires the remaining share of the capital by 40%. < / p>
The activity of the new company focuses mainly on the import and sale of medical devices and equipment and their requirements in bulk and retail. The second half of this year.
It is worth noting that the new company that was established has business related to the import and distribution of medical devices and products and agreements with the National Consolidated Purchase Company and the King Salman Center for Relief and Humanitarian Action with total amounts estimated at about 85.76 million riyals, as well as major contracts and agreements under consideration.
Abdullah Al Hassan, CEO of PATIC Group, commented: The signing of this partnership is in line with the strategic directions of PATIC Investment Group, and Al Shifa Medical Technology Company will be the medical investment arm to pump Many investments in the medical industry, which is an opportunity for the completion of the business system of the Patek Group, and for the company to take the lead in diversifying the sources of successful investment in security, cash and logistical solutions, management and operation of facilities, properties and smart cities in addition to advanced medical solutions and providing high and satisfactory services to our partners in the sector Public and private to sustain success.
Batak CEO: We are honored to provide the highest level of services to more than 200 projects that Batik subsidiary companies (Amanco Security and Cash Solutions, Mubarrad Company, Amanco Company Facilities Management, Smart City Solutions and Medical Healing Technology Company, Patek Real Estate Company (operating in all parts of the Kingdom as a result of the support of the Saudi government and the existence of a high system of our human wealth that exceeds 6 thousand employees and employees of which the qualified and qualified Saudi national staff represents more than 95%.
On the other hand, (PATIC) today also announced that it has signed an agreement with Huawei, through its digital arm, Smart City Solutions Company (a subsidiary of PATIC), To work through the agreement to provide innovative smart city solutions in the Kingdom of Saudi Arabia.
