The joint venture agreement is subject to some closing conditions, the company said.
TIBBIYAH said the establishment of SEDC is in line with its strategy to come a diversified healthcare holding company and grow its business in diagnostic imaging services and radiology services. Pacific Diagnostic Labs 428 followers on LinkedIn. It will provide diagnostic imaging services to hospitals, medical centres and clinics in the kingdom, as well as manage diagnostic departments in hospitals and clinics, the company said in a statement to the Saudi Stock Exchange, Tadawul. We are committed to developing tests capable of putting invaluable answers in the hands of clinicians and caregivers around the world. TIBBIYAH, listed on Saudi Arabia’s NOMU, said the JV, called Saudi European Diagnostics Company (SEDC) will be 51 percent owned by Unilabs, which operates in Europe, the Middle East and South America, and 49 percent by the Riyadh-based company. Our point-of-care diagnostics are focused on the world’s most critical health needs including cardiology, infectious disease, toxicology, traumatic brain injury, and more. Saudi Arabia’s Arabian International Healthcare Holding Company (TIBBIYAH) has announced a new joint venture (JV) with Swiss company Unilabs Diagnostics AB.
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