Widad bags RM190.5 million contract to build hospital
Last update: 18/04/2019
KUALA LUMPUR, April 18 (Bernama) -- Widad Group Bhd’s wholly-owned subsidiary, Widad Builders Sdn Bhd (WBSB), has bagged a RM190.5 million contract from Wardah Properties Sdn Bhd.
In a filing with Bursa Malaysia today, Widad Group said WBSB would be the main contractor for the proposed construction of a 200-bed multi-disciplinary private hospital in Pekan Kinrara, Selangor.
The construction period shall be 36 months, starting Nov 3, 2019.
“It is expected to contribute positively to the earnings and net assets of Widad and its group for the duration of the project,” it said, adding, that the project would be funded via internally generated funds and external borrowings.