Profits growth of Dr. Sulaiman Al Habib Group for Saudi Medical Services last year

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Profits of Dr. Sulaiman Al Habib Group for Saudi Medical Services increased last year to 870.2 million riyals (232.1 million dollars), 8.6% compared to 2018, according to a statement from the company published today on the Saudi Stock Exchange website.

The company’s profits amounted to 801.3 million riyals ($ 213.7 million) in 2018, according to the same statement.

background

Today is the first trading day for the company’s shares on the Saudi Stock Exchange, according to a statement posted on the stock exchange website last Sunday.

For more: Start trading in the shares of group d. Sulaiman Al Habib Saudi Medical Services on the stock exchange next Tuesday

The group provides medical services in Saudi Arabia through hospitals and medical centers and has a medical center in Dubai and another in Bahrain, according to the company’s website.

Additional details

The company said in a statement today that revenue growth supported its profits last year.

Revenues increased by 9.7% last year compared to 2018 to 5.03 billion riyals ($ 1.3 billion), according to the same statement.

(Prepared by: Abdel Rahman Rashwan, journalist at Zawia Arabi website. Abdel-Rahman previously worked in several press institutions, including Economy Plus and Mubasher)
(Edited by Yasmine Saleh, for communication: [email protected])

© ZAWYA 2020

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