Research Firm Maintains Optimism for Raya Profit Outlook
The National "Raya" Medical Care Company achieved solid financial results in the second quarter of 2026, with net profit rising by 17.6% year-over-year to 94 million riyals, surpassing expectations. The research firm indicated that the growth was driven by a recovery in social security referral revenues and a 20% increase in the number of patients, along with improved occupancy levels and higher profit margins. Future prospects remain positive, supported by increased capacity and improved financial performance. Al-Jazira Capital recommends increasing its position in the company's shares, with a target price of 162 riyals per share.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)