Ajman Bank to finance construction of SGH-Ajman
The total cost of the hospital is $89.1m (AED327.3m), and is expected to open in 2018
Ajman Bank has signed a financing agreement with Saudi German Hospitals Group for the construction of Saudi German Hospital Ajman (SGH-Ajman), a 50-bed facility.
The total cost of the project is $89.1m (AED327.3m), and the completion of all phases of the project and formal opening of the hospital is expected in 2018, state news agency, WAM reported.
The signing of the agreement was overseen by Mohamed Amiri, chief executive officer of Ajman Bank, and Sobhi Batterjee, CEO and chairman of the Saudi German Hospitals Group.
Amiri said that the agreement is a true reflection of Ajman bank’s focus and keenness to support the medical sector by financing specific development projects that promote an integrated health care system in the emirate.