The profits of the Saudi Sulaiman Al Habib Group increased by 25% during the first quarter of 2023, to record 489.27 million riyals, compared to 390.5 million riyals in the corresponding quarter of 2022.
The group attributed the increase in profits to the increase in revenues by 16% in the first quarter of 2023, as a result of the growth in revenues for the hospital sector as a result of the growth in the number of auditors, as well as the increase in occupancy rates in inpatient departments. Sales of the pharmacy sector also increased compared to the same quarter of 2022.
The Board of Directors recommended distributing cash dividends to shareholders for the first quarter of the fiscal year 2023, at 350 million riyals, with 350 million shares, or 10% of the nominal share value.
