Dr. Sulaiman Al Habib Medical Services Group, listed in the Saudi market, achieved 8.6% growth in net profit to reach 870.23 million riyals in 2019, compared to 801.31 Million riyals profits in 2018.


According to ArabiaNet, the company said, in a statement to the Saudi financial market, that revenue grew at a rate of 9.67% in 2019 to reach 5.031 billion riyals and an increase of 443.6 million riyals, as a result of growth in the hospital sector and pharmacy sector where the growth rates in the sectors were (9.10%). 15.88%, respectively).


On the other hand, there was a slight decrease of 5.30% in the solutions sector, which is related to the exclusion of a subsidiary from this sector at the end of 2018, (for the purpose of fair comparison, when the effect of this exclusion of that company is excluded, the growth rate for the solutions sector is 47.71%). The distribution of the sectors' contribution to the revenues was as follows: the hospital sector 80%, the pharmacy sector 17%, while the solutions sector contributed 3%.