This was due to revenue growth and an increase in the number of patients.
What:
“Sulaiman Al-Habib,” the largest private medical services provider in Saudi Arabia, stated that its annual revenues grew by 14.4% to reach 9.5 billion riyals.
This growth was driven by the hospitals and pharmacies sectors.
So What:
The group’s quarterly profits increased by 18.9%, reaching 525 million riyals.
This is compared to 441.5 million riyals in the fourth quarter of 2022.
Now What:
The Board of Directors recommended distributing cash dividends to shareholders, totaling 402.5 million riyals (1.15 riyals per share).
This is for the last quarter of the past year, and shareholders who own the stocks will be eligible for dividend distribution by the end of trading on February 21.
The distribution will take place on March 4.
