Miral rents new dental center in Riyadh for SAR 18.4M

Miral Dental Clinics Co. signed, on Nov. 21, a contract with Abdulrahman Mohammed Al Ateeq Real Estate Office to rent a new branch in Riyadh for 10 years starting from June 1, 2025, at a total value of SAR 18.4 million (VAT inclusive).

In a statement to Tadawul, the company said that the new dental center spans an area of 881.25 square meters and is located in Al-Aridh District. The annual rent for the facility is set at SAR 1.84 million.

The new center will offer dental medicine, treatment, and cosmetic services. It is expected to open in the second half of 2025, pending getting the necessary licenses to operate.

The financial impact of this contract is anticipated to start during the second half of 2025, the statement added.

This step aligns with the company’s future vision and its expansion strategy within Riyadh. It aims to drive growth in operational processes, extend its distinguished services to a broader audience across the Kingdom, and achieve the targeted returns outlined in its plan.