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Saudi Dallah's Q2 profits fall 20%
Dallah Healthcare Services Company in Saudi Arabia experienced a 20% decrease in profits in the second quarter of the year, reaching 100 million riyals, despite a 4.3% increase in revenues to 1.11 billion riyals. This decline was due to rising operating costs, particularly expenses related to the Mena Emergency Hospital during the Hajj season and increased financing costs. Meanwhile, the proceeds from the sale of its stake in Dr. Mohamed Rashed Fakiya Company were used to reduce debt. Despite the drop in profits, the company announced a cash dividend of 50.4 million riyals for the same period.
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