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RIYADH: Dr. Sulaiman Al-Habib Medical Services Group (HMG), Saudi Arabia’s largest private health services provider, reported a 29 percent jump in first quarter net income to SR319 million ($85.1 million).
HMG said the growth was due to a focus on operational efficiency, as well as an increase in the number of patients. First-quarter revenue increased by more than 26 percent year-on-year to SR1.69 billion.
“We achieved strong results in the first quarter of the year as we continue to grow the number of patients we serve and the services we provide, and we remained committed to our strategic pillars, maintaining our growth momentum and the sustainability of our business,” said Chairman Dr. Sulaiman Al-Habib, in a statement.
Dr Sulaiman Al Habib Medical Services Group (HMG) reports Q1 2021 net income growth of 29 36% zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Sulaiman Al Habib Group in deal to build Riyadh hospital
RIYADH, February 23, 2021 Saudi-based Sulaiman Al Habib Group said its subsidiary Gharb Al Takhassusi Hospital for Healthcare has signed up Masah Construction Company for the development of a new maternity and paediatric hospital in capital Riyadh. The move comes following the go-ahead from the board members for SR71 million ($19 million) contract for the key healthcare facility, said Sulaiman Al Habib Medical Services Group in its filing to Saudi bourse Tadawul. Under this one-year contract, Masah Construction Company will complete all structural works related to the project, it stated. Sulaiman Al Habib Group said the initial approval was obtained from the Ministry of Health to open the healthcare facility