King Salman bin Abdulaziz also issued a royal order to repair Ibn al-Khatib Hospital in Iraq's capital, Baghdad.
The Saudi embassy in Baghdad also revealed in the statement that King Salman has ordered the donation as a gift to the Iraqi people.
It said this comes "based on the ties of brotherhood, good neighborliness, and the historical relations; between the two countries and peoples," the Saudi Press Agency reported.
In April, at least 82 people killed and 110 injured; after a fire broke out at the Ibn Al-Khatib hospital designated for COVID-19 patients.
Saudi Arabia also said it will take on critical cases to provide them with medical care; in the Kingdom's hospitals at the king's expense.
