Smart Health strengthens its potential in Saudi Arabia with Mobadara Investment

Klea Holding announces the arrival of a new strategic shareholder, Mobadara Investment, in its Smart Health joint venture in Saudi Arabia. This change comes with new governance and a financial commitment of SAR 17.7 million (approximately €4.4 million) to support the development of the KAFD Medical Center in Riyadh.

Mobadara Investment acquires 70% of Smart Health through a capital increase of SAR 8 million, while Klea Holding retains 30%. The financial resources provided by Mobadara and Klea Holding will be used to accelerate the opening of the medical center, considered a benchmark in Riyadh.

Despite minor delays related to governance transitions, Smart Health is aiming for increased efficiency and expansion. The KAFD Medical Center promises to transform healthcare services for residents and professionals in Riyadh's growing financial district.