Al-Madawa profit drops 42% amidst sales rise
Al-Dawaa Specialized Medical Company announced a 42% decrease in its profits during the first half of 2026, with profits reaching 5.96 million riyals compared to 10.26 million riyals in the same period last year. This was due to acquisition-related costs associated with its relocation and the expansion of its hospital, which now exceeds 100 beds. Despite a 31% increase in revenues, reaching 72.36 million riyals, operating expenses rose as the company accelerated its expansion plans. Meanwhile, the financial position showed improvements in equity and cash flows from operations. The higher costs are linked to enhancing hospital capacities and improving regulatory compliance, with expectations that returns will become clearer once the final procedures and licensing are completed.
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