"Mubarak is currently in a military base in the city of Tabuk and is receiving treatment for colon and pancreatic cancer," the report said, citing "informed sources."
"He is undergoing chemotherapy every five days," it said.
The paper reported that Mubarak left for the Saudi city days after he resigned on February 11 and handed power to a military council after nearly three weeks of anti-regime protests.
Sources told Al-Akhbar that Mubarak's wife, Suzanne, and his two sons, Alaa and Gamal -- long considered his father's possible successor -- were also living on the Tabuk military base.
There was no official confirmation that Mubarak had gone to Saudi but there have been rumors for days that he had left the country.
Egyptian authorities on Monday slapped a travel ban on Mubarak and his family and also imposed a freeze on their assets.
Nationwide protests that erupted on January 25 left at least 384 dead, more than 6,000 injured and scores detained.
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