PHOTO
Riyadh, KSA – Dallah Health, a leading healthcare provider serving more than 1.5 million patients annually, announced today its financial results for the third quarter of 2021, recording a 55% increase in revenues and 61% increase in net profits compared to the third quarter of 2020.
Looking at the first nine months of the year, Dallah Health’s revenues grew 67.5% to SAR1.53 billion compared to SAR913 million in the same period of 2020, while net profits after zakat and taxes increased by 139% to SAR191.4 million compared to SAR80 million in the first nine months of 2020.
“The group’s strong performance is a result of increasing footfall to our hospitals and higher occupancy rates at our Dallah Namar facility, which continues to establish itself as the first choice for patients in the area looking for trusted medical advice,” said Eng. Tariq Othman AlKasasbi, Chairman of Dallah Health Group. “Our recent acquisitions of additional medical facilities have also started to reflect positively on the group’s bottom line,” he added.
According to AlKasabi, this growth is in alignment with Dallah’s expansion strategy which includes both existing and new healthcare facilities to serve communities across Saudi Arabia. Enhancing the overall patient experience will be a key focus for the group in the coming period with planned investments in upgrading medical facilities and developing digital solutions to provide patients with better access to Dallah Health’s leading medical services. The group recently announced the completion of phase 1 of a SAR70 million investment in upgrading its Dallah Al Nakheel facility in Riyadh.
Dallah Health Group was established in 1987 and was listed on the Saudi Stock Exchange in 2012. Since listing, the group’s business has nearly quadrupled and now includes five healthcare facilities serving more than 1.5 million patients across the Kingdom. With more than 900 beds and 500 outpatient clinics, Dallah employs over 3,000 employees, including around 1,000 doctors that are carefully selected to deliver the highest standards of care to communities in Saudi Arabia.
-Ends-
About Dallah Health
Operating since 1987, Dallah Health is one of the most established and trusted healthcare providers in Saudi Arabia. Driven by ethics, passion and integrity, Dallah strives to be a leading healthcare provider in the Kingdom and a destination for medical tourism, delivering trusted care by the best experts in the medical industry.
Through its six hospitals in Saudi Arabia – including its flagship Dallah Al Nakheel and Dallah Namar hospitals in Riyadh – Dallah Health provides more than 900 beds and 500 outpatient clinics that set the standard for quality care across a wide range of disciplines and specialities, including Cardiology, Orthopedics, Pediatrics, ENT, Dental Services and Physical Therapy.
Dallah Health has pioneered healthcare in Saudi Arabia for decades. Its Dallah Nakheel hospital was the first in the Kingdom to conduct a number of procedures, including laparoscopic surgery in 1990, cardiac surgery in 1995, and the delivery of a baby through IVF/ICSA in 1996.
Listed on the Saudi stock exchange, Dallah Health has more than 3,000 employees serving more than 1.5 million patients annually.
Find out more about Dallah Health here: www.dallahhealth.com
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
