22 Hrs
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الاقتصادية
Al-Habib profits rise 12% on revenue and patients
Dr. Sulaiman Al-Habib Medical Services Group has announced a 12% increase in its net profits for the second quarter of 2026, reaching 663 million riyals. This growth was supported by an increase in revenues, a rise in the number of patients, and improved operational efficiency, despite the ongoing impact of costs related to new hospitals that are still in the developmental stage. The company's revenues additionally grew by over 18%, reaching 4 billion riyals, driven by expansion in the hospital and pharmacy sectors, along with accelerated operational growth in new projects. The Board of Directors has decided to distribute cash dividends totaling 465.5 million riyals, equivalent to 1.33 riyals per share, representing a payout ratio of 13.3% of the nominal value. Eligible shareholders will receive these dividends on July 30, with the payout scheduled for August 17.
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