24 Hrs
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Mouwasat Q3 profit falls
Mouwasat Medical Services Company’s net profit fell 5.83% year on year to SAR 188.01 million in the third quarter of 2026, and declined 11.05% from the previous quarter. The company attributed the annual drop to the comparative quarter last year benefiting from the recovery of part of its doubtful receivables. It said profits would have grown 4.3% if this effect were excluded. Revenue rose 10.17% to SAR 856.37 million. For the first nine months of the year, profit increased 2.86% to SAR 600.4 million, while revenue rose 9.77% to SAR 2.57 billion, supported by the operation of Yanbu Hospital and higher occupancy in inpatient departments.
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