2000 News Story

Hospital group to become stock company

The Saudi-German Hospital Group (SGHG) announced today that it is taking steps to transform itself into a joint stock company, in order to cope with the expected boom in the private health sector that will follow the wide-scale application of cooperative medical insurance on foreigners living in the Kingdom. The announcement coincided with the opening last week by Prince Sultan Bin Abdul Aziz, Second Deputy Prime Minister, Minister of Defense and Aviation and Inspector-General Prince Sultan Bin Abdul Aziz of the SGHC's newest hospital in Asir Province, bringing the total in the Kingdom to seven.