18 Hrs
Source:
الاقتصادية
Dar Al-Mo'addat forecasts profit rebound in second half
The CEO of Dar Al Equipment Medical and Scientific Company Saudi Arabia expects the company's performance to improve during the second half of 2026 compared to the same period in 2025, with promising growth prospects in 2027 through expanding the current project portfolio and business development. He indicated that the company's listing in the financial market since 2022 has helped enhance governance and disclosure, fostered government confidence, and supported ongoing profit distribution, bonus shares, and share buyback programs. The company confirmed that its strategic shift now focuses on profit quality and the sustainability of financial performance, supported by positive expectations from contracts with the Ministries of Health, Justice, Human Resources, and Education. He also explained that the share buyback programs, which will be carried out gradually in compliance with regulatory controls, aim to enhance the stock's value and shareholders' rights, and will not affect the company’s cash distribution policies, as it continues to provide diverse healthcare services and expand its operations in a way that contributes to improving its performance and profitability.
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