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2026-11-05T06:04:06.638Z

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Fakeeh profit drops in Q3

Fakeeh profit drops in Q3

Dr. Soliman Abdul Kader Fakeeh Hospital Company’s net profit fell 45.91% year on year in the third quarter of 2026 to SAR 38.75 million, despite posting record quarterly revenue of SAR 931.26 million, up 19.66%. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 10% to SAR 138 million, supported by the group’s new operations and the consolidation of Dr. Mohammed Al-Fagih Hospital’s results from July. The company attributed the decline in net profit to higher depreciation and amortization expenses, which rose to SAR 66 million from SAR 49 million, and financing costs, which increased to SAR 28 million from SAR 9 million, to fund the acquisition and the hospital’s debt.

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