Alobaid has over 26 years of experience in healthcare. Before he was appointed CEO in 2019, he was the chief medical officer at the National Medical Care Company, which owns and operates the 268-bed Riyadh Care Hospital, the 335-bed National Care Hospital, the Family Health Care Center, and 45 clinics. It employs 3,000 people. The company had assets worth $435.8 million and recorded $177.7 million in revenues in the first nine months of 2022. In January 2023, the National Medical Care Company announced an agreement to acquire the entire share capital of Jiwar Medical Services Company for $17.3 million.