Establishment of first Mouwasat poly-clinic in Dammam Eastern Province
1979
Mouwasat undertook the operation and management of multi-specialty clinic in the residential area of Jubail industrial city
Establishment of the first Mouwasat owned comprehensive medical facility in Dammam eastern province, now known as Mouwasat Hospital Dammam
1988
Signing the treatment agreement for employees and their families of (SABIC) Corporation, as well as the company operated the distributed clinics in Jubail city for long-term contracts.
1999
Establishment of Skin Care center in Dammam
Establishment of Mouwasat Dispensary in Al Ahsa and also the establishment of Mouwasat Hospital in Madinah Munawarah in the same year.
2003
The signing of management and operating agreement of running hospital in Riyadh, with a total capacity of 160 beds for eight consecutive years.
2004
A milestone in the history of Mouwasat hospital in Jubail as it achieved a utilization ratio of 80%
Mouwasat acquired 51% of the Eastern Medical Services Company which owns Gulf Specialized Hospital which is known today as Mouwasat Hospital Al-Qatif. Establishment of Skin Care in Al-Khobar.
2007
Establishment of Skin Care in Al Madinah Munawarah
Mouwasat Medical Services sign a cooperation agreement with Care-Fertility-UK and established an In-Vitro Fertility Center in Mouwasat Hospital in Dammam known as Mouwasat Care-fertility Center.
Establishment of Mouwasat Hospital northeastern Riyadh city with a total capacity of 200 beds
Mouwasat Hospital is in the process of establishing new Hospital branch in Al-Khobar.
Mouwasat Medical Services was Founded in 1975 under Commercial Registration No. 2050032029, issued in Dammam as an individual entity owned by Mr. Mohammed Sultan Subaie, where it began running its first medical activity as a private Dispensary at Dammam.
On the 12th of Ramadan,1417 (corresponding to 22 January 1997) the legal form of the corporation was changed to a Limited Liability Company under Commercial Registration number 2050032029, issued in Dammam with a capital of three million Saudi Riyals. The company’s activity is engaged in the ownership, management and operation, and maintenance of hospitals, health centers, medicine warehouses, and pharmacies.
On 27/1/1419H corresponding to 23/05/1998 the company increased its capital to SR 4,500,000, and the decision was documented by a public notary on 19/3/1419 H.
On 08/11/1425H. Corresponding to 20 December, 2004 the partners decided to increase the company's capital to 147 million Riyals. This action was authenticated by the Ministry of Commerce and documented by a notary on 24/11/1425, corresponding to 5 January 2005.
The legal entity of the company was converted from a Limited Liability Company to a joint stock company under His Highness Minister Of Commerce and Industry, Resolution number 1880, dated on 4/12/1426 (4 January 2006) with a capital of 147 million Saudi Riyals divided into 2.94 million shares, with a nominal value of SR 50 per share.
Under General Assembly extraordinary meeting on 25/41427, corresponding to 23/5/, 2006, a decision was made to increase the company's capital from SR 147 million to 250 million divided into 25 million fully paid ordinary shares with a nominal value of SR10 per share.
In accordance with the General Assembly’s decision in their extraordinary meeting held on 10.05.1433 (02/04/2012) the Capital was increased from SR 250 million to 500 million divided into 50 million fully paid shares, with a nominal value of SR 10 per share.
The origin of Mouwasat dates back to 1974. The main objective was to manage and operate medical facilities which started by launching Mouwasat Dispensary in Dammam in 1975.