Mouwasat Medical Services
Date of Establishment: 1974
CEO and Vice Chairman: Nasser Sultan Fahed Al-Subaei
Market Value: $4.7 billion
Mouwasat Medical Services was established in Dammam, Saudi Arabia, in 1974 by Mohammad Sultan Al-Subaie. In 1975, Mouwasat Dispensary was launched, followed by Mouwasat Hospital, which opened in 1988. The company today has six hospitals and specialized medical centers in Saudi Arabia with $973 million in assets by the end of 2020. Brothers Mohammed and Nasser Sultan Al-Subaie own 35% of Mouwasat Medical Services, valued at $1.7 billion as of May 2021.