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.
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.
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.
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])
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