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Healthcare profits fall to 1.3B Riyals in Q2 2026
The Saudi stock market witnessed a decline in the healthcare sector's profits during the second quarter of 2026, decreasing by 4.39% year-on-year. The total net profits of 13 companies dropped from 1.351 billion Riyals in the same period of the previous year to 1.292 billion Riyals. The Sulaiman Al Habib Group led the profitability among companies, achieving a 12.12% increase in profits, reaching 662.66 million Riyals. This was supported by higher revenues, increased patient numbers, and improved operational performance, despite the impact of costs related to the expansion of modern hospitals. Conversely, Dallah Healthcare Services saw its profits decline by 19.52% to 100.01 million Riyals, due to operating costs of the Mena Hospital during the Hajj season and the impact of rising financing costs on its results. For the first half of 2026, the sector’s total profits decreased by 23.97%, reaching 2.448 billion Riyals, with Sulaiman Al Habib remaining the most profitable. Meanwhile, companies like Al Mowasat and Rakeez experienced notable growth in their profits, whereas others such as Fhua and Al Mossa Healthcare faced declines influenced by factors related to financing and operational costs.
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