Klea Holding: Update on the latest developments of the future state-of-the-art medical center in the King Abdullah Financial District (KAFD), Saudi Arabia

KLEA HOLDING (FR0013481835 – ALVMG), a Group focused on acquiring, developing and digitalizing companies across multiple sectors, with a view to maximizing their growth and value, unveils the latest developments of the future state-of-the-art medical center in the prestigious King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia. This landmark project is set to transform healthcare services in the Kingdom.

Main advances:

1. Conceptual Design Completed: The conceptual design of the medical center was successfully completed in the first quarter of 2024, incorporating advanced architectural and medical planning to ensure a world-class facility.

2. Government licenses and approvals have been obtained: The design has been approved by KAFD authorities and all relevant government agencies. The Ministry of Health has also given its approval, validating the design of the center and launching the construction phase of the project. Smart Health continues to work closely with local experts to ensure that all requirements continue to be met.

3. Construction Phase Progress: The construction phase began in Q2 2024 with all necessary preparations for the delivery of this state-of-the-art facility.

4. Hiring of a high-quality local team continues: A dedicated local team has been in the process of being established since late 2023 under the leadership of CEO Tarek Shaker, ensuring that the project is managed by highly qualified professionals with a deep understanding of the local market and healthcare needs.

5. Opening planned for late 2024/early 2025: Completion of the medical center and admission of the first patients are planned for late 2024/early 2025.

Strategic location:

KAFD, Riyadh’s new central business district, accounts for 25% of all office space in the Saudi capital. The medical center will be the first of its kind in KAFD, providing healthcare services to residents, professionals and visitors to this thriving financial center. The new venture will offer significantly more services to nationals, in addition to medical visa testing for expatriates.

Comments from the leaders:

“We are pleased with the progress of the KAFD Medical Center project. Completing the conceptual design on time and on budget is a significant milestone, and we look forward to beginning construction. This center will be a benchmark for advanced healthcare in the region,” said Rafat Samman, CEO of Abrar Communication.

“Our collaboration on this project is progressing smoothly and we are confident that, under the leadership of CEO Tarek Shaker, the local team will lead this project to success. We look forward to providing world-class medical services to the community,” said Clément Pacaud, CEO of Klea Holding.

Perspectives :

This medical center is set to offer a range of health services, including advanced diagnostic and screening capabilities, specialized treatment programs, and wellness services. Located in the heart of KAFD, the center will be easily accessible, improving the quality of health care in the region.

About Klea Holding

Klea Holding is a Group focused on the acquisition, development and digitalization of companies from multiple sectors, with the aim of maximizing their growth and value. Klea Holding, through its identity “scaling industries of the future“, draws on its successful experience of developing Smart Salem, the first network of digitalized medical analysis centers accredited by the Dubai Ministry of Health (DHA) in the United Arab Emirates, or its Smart Health joint venture developed in Saudi Arabia, to extend this entrepreneurial approach to the four corners of the world.

Based in Paris, Klea Holding is listed on Euronext Growth (ALVMG). More information on www.kleaholding.com

Investor Relations: Jérôme FABREGUETTES LEIB // 01 53 67 36 78 // [email protected]

Press Relations: Fatou-Kiné N’DIAYE // 01 53 67 36 34 // [email protected]

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