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Al-Mowasat Q2 profit hits 211.4M Riyals
Al-Mowasat Medical Services Company achieved a net profit of 211.4 million Riyals during the second quarter of 2026, reflecting a 13.05% increase compared to the same period last year. This growth is attributed to several factors, including a capital gain of 20.4 million Riyals resulting from land sales, as well as the growth in revenue from the new hospital in Yanbu, which began operations in the first quarter of the year. The hospital's revenue reached 876.4 million Riyals, up by 10%, driven by higher occupancy rates and the fulfillment of certain new contractual conditions.
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