Alobaid assumed his current role in 2019, after serving as the chief medical officer at National Medical Care. In June 2024, the company entered into a share purchase agreement with the Saudi Medical Care Group (SMG) to fully acquire Al Salam Health Medical Hospital for a consideration of $11.7 million. As of August 2024, SMG was the major shareholder of National Medical Care with a 49.2% stake. SMG is owned by the General Organization for Social Insurance. In the first half of 2024, National Medical Care generated $158.8 million in revenues and $40.2 million in profits. It had assets of $584.4 million as of June 2024.