RIYADH: Arabian International Healthcare Holding Co., known as Tibbiyah, signed a joint venture agreement with European Unilabs diagnostics AB to form and operate a limited liability firm under the name of Saudi European Diagnostics Co.
The new firm SEDC, which will provide diagnostic imaging services in the Kingdom, will be owned 51 percent by Unilabs and 49 percent by Tibbiyah, according to a bourse filing.
The establishment of SEDC represents Tibbiyah’s continuous investment in the healthcare services vertical, as part of its strategy to become a diversified healthcare company.
Tibbiyah CEO Alaa Ameen (Supplied)
“We are delighted to announce this signing of the Tibbiyah-Unilabs joint venture agreement and believe it will strengthen Tibbiyah’s strong position in the KSA healthcare market and reinforce its status as a leading diversified healthcare company,” Tibbiyah’s CEO Alaa Ameen said.
Unilabs is one of Europe’s leading diagnostics companies, offering a complete range of laboratory, pathology, and imaging services to patients across four continents.
