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Almudaah’s profits fall 42% in H1
Khadamat Specialized Medical Company announced its results for the first half of 2026, showing a 42% decline in profits, with net earnings reaching 5.96 million riyals compared to 10.26 million riyals in the same period last year. This decrease was due to investment costs related to a transitional phase of increasing the hospital’s license and expanding bed capacity. Despite the drop in profits, revenues exceeded 72.36 million riyals, representing a 31.04% increase over the previous year, driven by expansion and increased demand for the company's services. Cash flows from operating activities improved to 19.94 million riyals. It is anticipated that the results of these investments will become more apparent after the completion of licensing procedures and the commencement of operations under the new pricing.
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