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In an announcement reflecting the strength and durability of the Kingdom of Saudi Arabia’s healthcare sector Fakih Medical Group Announced impressive financial results for the first half of 2024, as a leading group, in… Saudi Stock Market (Tadawul)Revenue was strong at SR1,334.4 million, a significant increase of 24.1% over the same period last year.
The strong financial performance was not limited to revenue, as the Group also achieved a net profit of SAR 103.6 million, an increase of 39.4% over the adjusted net profit in the same period last year.
Madrasati Platform school.madrasati.sa Home Student Login 1446
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A new statistic reveals how much Riyadh’s population will grow by 2024, as well as the number of Saudis and expatriates in the Saudi capital.
The Ministry of Education has released new dates for all holidays in the first semester of the 1446 academic year in both the Hijri and Gregorian calendars, and the first holiday will begin in a few days.
Based on the results for the first half of 2024, where the group achieved a net profit of SAR 103.6 million, we can *estimate* Annual Group Profit If the performance continues at the same pace in the second half of the year, it could reach around 207.2 million riyals.
Growth Factors:
* Increased patient visits: The Group saw 829,377 patients in the first half of the year, an increase of 12.2% over the previous year, indicating an increase in demand for its services. * Expansion of services: The opening of the Riyadh Hospital and increased activity at the Medical Centre contributed to the increase in revenue and profit. * Initial public offering: Enables the Group to improve its financial structure and repay part of its debt, enhancing its ability to invest in future growth.
Future expansion plans:
* Open a new hospital in Medina by the end of 2024. * Open a modern hospital specializing in neurology and rehabilitation in Jeddah.
Strong financial results and ambitious expansion plans indicate that Fakeeh Healthcare Group is on an upward trajectory. Revenue and profit growth are expected to continue in the coming years, supported by increased demand for healthcare services in the Kingdom of Saudi Arabia and expansion of its business scope.
A new statistic reveals how much Riyadh’s population will grow by 2024, as well as the number of Saudis and expatriates in the Saudi capital.
The Ministry of Education has released new dates for all holidays in the first semester of the 1446 academic year in both the Hijri and Gregorian calendars, and the first holiday will begin in a few days.
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An important measure taken by the Etimad platform for the new salary of all employees
Husseini predicts autumn weather and explains the impact of autumn on Riyadh’s weather and the beginning of the Hijri and Gregorian calendars
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The General Directorate of Passports determines the number of sponsorship transfers allowed for each Saudi Arabian resident and the actions to be taken after exhausting sponsorship transfer opportunities1446
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The General Directorate of Passports determines the number of sponsorship transfers allowed for each Saudi Arabian resident and the actions to be taken after exhausting sponsorship transfer opportunities1446
Ministry of Human Resources announces 94-day National Day holiday for Saudi public and private sectors
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Ministry of Human Resources announces 94-day National Day holiday for Saudi public and private sectors
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Madrasati Platform school.madrasati.sa, New Official Link, Student Login and Assignments 1446
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