Dr. Sulaiman Al Habib Medical Services Group reports 2021 nine months' net income growth of 34.62%

Q3-2021 revenue of SAR1,836.35mln grew by 13.08% compared to the same quarter of the previous year

  
  • 26.67% for the nine months of 2021 to SAR 5,282.34 million compared to the similar period of the previous year

Riyadh, Saudi Arabia : Dr. Sulaiman Al Habib Medical Services Group (the “Group”), Saudi Arabia’s largest private medical services provider, has announced its financial results for the 9-month period ended 30 September 2021.

The Group’s revenues grew by 13.08% in Q3-21 reaching SAR 1,836.35 million, with an increase of SAR 212.44 million compared to SAR 1,623.91 in the corresponding quarter of the previous year, as a result of the growth in all group segments.

For The Period Ended on 30th September 2021 (Nine Months), Revenues grew by 26.67% reaching SAR 5,282.34 million, with an increase of SAR 1,112.08 million compared to SAR 4,170.26 in the similar period of the previous year, as a result of the growth in all group segments. Net Income for the nine months period ended 30th September 2021 reached SAR 993.02 million.

Dr. Sulaiman Al Habib, Chairman of the Board of Directors at HMG, commented:

“Our commitment to HMG’s strategic pillars led us continue delivering remarkable financial and operational results, with strong growth of the top and bottom-line performance across Group’s segments. Revenue growth was mainly driven by the growth in hospital segment due to the increase in both the numbers of patients and inpatient occupancy in addition to Al Khobar Hospital continued revenue growth. Hospital segment growth was positively reflected in the increase in pharmacy segment sales compared to the similar period of the previous year. As we continue to roll out to innovate in healthcare technology and medical excellence for better patient experience.”

Dr. Al Habib concluded: “Our ambitions toward healthcare excellence have driven us to be the most trusted healthcare provider and the best patient experience.  We are committed to developing and operating state-of-the-art medical facilities and providing innovative healthcare services to create value for patients and other stakeholders. All HMG hospitals in KSA were validated as stage 7 of HIMSS EMRAM, a recognition of the Group’s dedication to digital transformation; with Khobar accredited early this year. In addition, our hospitals were re-accredited by the Joint Commission International, while the group’s hospitals received certificates of appreciation from the Saudi Food and Drug Authority. The Group remains committed to its announced expansion plans according to the group’s prior strategic policy.”

Financials (9-months ended 30 September 2021)

-Ends-

About HMG

Dr. Sulaiman Al Habib Medical Services Group (HMG) is a private integrated healthcare provider with a 25+year track record for developing and operating healthcare facilities, pharmacies and associated services in Saudi Arabia and the GCC. The Group’s portfolio includes 7 hospitals in Saudi Arabia and the UAE, more than 1,900 beds and more than 1,370 clinics, one Medical Centre in Riyadh’s Diplomatic Quarter, and managing 1 medical centre in Bahrain.

HMG is a GCC leader in healthcare solutions, technology and systems. The Group offers comprehensive healthcare that is patient centric and supported by investment in first-class human capital and medical research. HMG consistently achieves industry-leading satisfaction rates across its primary, secondary and tertiary services.

HMG is listed on Saudi Stock Exchange “Tadawul” (Symbol: SULAIMAN ALHABIB: 4013), and is Saudi Arabia’s leading private healthcare provider.

Investor Relations & Media Enquiries
Investor Relations Dr. Sulaiman Al Habib Medical Services Group
Tel: +966 11 525 9999 Ext: 4919
Email:  Investor.relations@drsulaimanalhabib.com  
P.O. Box 301578
Riyadh 11372, Kingdom of Saudi Arabia
www.hmg.com 

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