Sulaiman Al Habib Medical Services’ net income up 13.2% y-o-y in 2024

Dr. Sulaiman Al Habib Medical Services Group saw its net income increase 13.2% y-o-y in 2024 to SAR 2.3 bn, driven by growing demand and occupancy rates, according to a press release (pdf). Revenue grew 17.8% y-o-y to SAR 11.2 bn, buoyed by market dynamics that fueled growth in the hospital and pharmacy segments.

ALSO- The group’s board greenlit the distribution of SAR 430.5 mn in dividends for 4Q 2024 at SAR 1.23 per share, according to a Tadawul disclosure.

ICYMI- The group inked a SAR 1.3 bn shariah-compliant loan agreement with Al Rajhi Bank inSeptember to invest in healthcare developments across the country.