Mouwasat Medical Services Hit With SAR 335.38 Million Commercial Lawsuit Over Jeddah Doctors Stake

Mouwasat Medical Services Co. said a commercial lawsuit seeking SAR 335.38 million was filed against it on October 12 by Doctors Co. for Medical Projects over a share transfer dispute, according to a statement to Tadawul. Argaam reported the disclosure.

Doctors Co.'s Claim Over Jeddah Doctors Shares

The lawsuit was filed before the Commercial Court in Dammam and relates to Doctors Co.'s request to exit Jeddah Doctors Co. by transferring its entire shareholding to Mouwasat, the company said. That holding is 5.63 million shares, representing 32.42% of Jeddah Doctors, while Mouwasat owns 51% of the company.

Mouwasat said the financial impact of the lawsuit cannot be determined at this stage, and that there are currently no grounds for recognizing any financial provisions in the matter. The legal and regulatory risks associated with the lawsuit also cannot be determined at this stage, and the potential liability the company may incur cannot be estimated at present, it said.

Mouwasat does not expect the lawsuit to have any operational impact on Jeddah Doctors' hospital business or operational activities, according to the statement. The hospital's opening is expected during the current quarter, after obtaining the required licenses from the Ministry of Health.

Mouwasat said it has reviewed the lawsuit and its supporting documents in coordination with its legal advisers, and will take the necessary legal measures to defend its rights and interests and submit the required responses and defences before the competent judicial authority. Any material developments will be disclosed in due course in accordance with the applicable laws and regulations, the statement indicated.

Mouwasat's Hospital Network And Leadership

Mouwasat Medical Services is a publicly listed Saudi Arabian hospital operator running eight active hospitals and ten specialty centers across the Eastern, Western, and Central regions, serving insured and self-pay patients through in-person, app-based, and telemedicine channels, according to akta.pro company records. The same records show the network spans 9 hospital facilities, 8 operational and 1 coming soon, and that the company has provided healthcare services for over 50 years, starting from Mouwasat Medical Dammam Dispensary in 1975.

The records list Mohammad Sultan Al Subaie as Chairman, following his appointment in January 2026 during a period of multi-site expansion. They also note more than 300 successful robotic surgical procedures completed.

Dividend And Growth Steps Before The Claim

Mouwasat's board declared a 10% cash dividend of SAR 1 per share for H1 2026, totaling SAR 200 million, Argaam reported in October 2026. The record date was October 15, 2026, and distribution is October 29, 2026.

Mouwasat Managing Director Khalid Al Saleem said in August 2026 that he expects the company to maintain balanced growth in Q3 2026, citing strong healthcare demand, improving performance at Yanbu Hospital, and ongoing operational efficiency initiatives, Argaam reported.

Jeddah Doctors Opening Timeline

Mouwasat expects Jeddah Doctors' hospital to open during the current quarter, after obtaining the required licenses from the Ministry of Health, the company said.