Saudi Tibbiyah form JV with BGI Health subsidiary to offer clinical testing services

RIYADH: Arabian International Healthcare Holding Co., known as Tibbiyah, signed a joint venture agreement with BGI Almanahil Health for Medical Services to establish a limited liability firm under the name of Saudi Advanced Medical Lab.

This new firm, 50-50 owned by Tibbiyah and BGI Almanahil, will provide testing and bio-information services for clinical laboratories, according to a bourse filing.

Tibbiyah CEO Alaa Ameen stated that the establishment of SAML represents a milestone in Tibbiyah’s ongoing investment in healthcare services, which is in line with its strategy to diversify into healthcare.

This will be Tibbiyah’s second joint venture within a week, as the company announced yesterday that it had signed an agreement with European Unilabs Diagnostics AB to establish a limited liability firm to provide diagnostic imaging services.