Latest news with #MiddleEastHealthcareCompany
Zawya
10-07-2025
- Business
- Zawya
Saudi German Hospital operates 21 additional clinics in Dammam
Middle East Healthcare Company (Saudi German Hospital) has commenced operating 21 additional clinics in advanced medical specialities, according to a bourse disclosure. Located in Dammam, the expansion backs the company's strategic plan to enhance specialized services and meet the growing demand for advanced healthcare in the Eastern Province. The new clinics are expected to have a positive impact on the company's financial and operational performance. This will increase revenues, boost operational efficiency, and enhance patient experience, while upgrading the quality of care. Saudi German Hospital affirmed its ongoing commitment to developing its medical services in line with the highest standards, supporting the goals of Saudi Vision 2030 to bolster healthcare services. As of 31 March 2025, the group posted 263.93% year-on-year (YoY) higher net profits at SAR 160.13 million, compared to SAR 44 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
25-03-2025
- Business
- Zawya
Saudi German Hospital rolls out $32.5mln sale deal
Middle East Healthcare Company (Saudi German Hospital) sold a plot of land in the Al-Sahafa district of Riyadh, on 23 March 2025, for SAR 122 million. Spanning 4,000 square metres, the asset book value of the land stood at SAR 7.99 million, as per a bourse disclosure. The transaction aligns with the company's efforts to anchor its financial position and improve cash flow. Meanwhile, the financial impact is expected to be reflected during the quarter in which the sales took place. At the end of December 2024, the net profits hiked by 1,554% year-on-year (YoY) to SAR 282 million from SAR 17.04 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
04-03-2025
- Business
- Zawya
Saudi German Hospital's profits leap 1,554% in 2024
Riyadh: Middle East Healthcare Company (Saudi German Hospital) achieved 1,554% higher net profits at SAR 282 million in 2024, compared to SAR 17.04 million in 2023. Revenues surged by 8.65% year-on-year (YoY) to SAR 2.88 billion as of 31 December 2024 from SAR 2.65 billion, according to the financial results. Earnings per share (EPS) plunged to SAR 3.06 last year from SAR 0.19 in 2023. In the first nine months (9M) of 2024, Saudi German Hospital logged net profits valued at SAR 174.86 million, up 21.70% YoY from SAR 143.67 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
