Sector News

Riyadh – Mubasher: Al Hammadi Holding sold land in Riyadh to Emmar Ocean Company, with a total price of SAR 124.60 million on 2 April 2024. Located in Al Rayyan District, the land spans 35,600 square metres, according to a bourse disclosure. Emmar …

Riyadh – Mubasher: Almodawat Specialized Medical Company announced the board’s recommendation to pay cash dividends amounting to SAR 16.62 million for 2023. The Saudi firm will distribute a cash dividend of SAR 7 for 2.37 million eligible …

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) witnessed 139.66% higher net profits at SAR 180.18 million in 2023 from SAR 75.18 million a year earlier. Revenues jumped by 23.30% to SAR 2.65 billion last year from SAR …

Riyadh – Mubasher: Scientific & Medical Equipment House Company posted a 142.31% year-on-year (YoY) surge in consolidated net profit to SAR 37.80 million in 2023 from SAR 15.60 million. Revenues reached SAR 799.30 million last year, up 11.98% YoY …

Riyadh – Mubasher: Mouwasat Medical Services Company recorded a 9.74% increase in net profit to SAR 657.69 million during 2023 when compared with SAR 599.30 million in 2022. The earnings per share (EPS) stood at SAR 3.29 at the end of December …

Riyadh – Mubasher: Canadian Medical Center Company announced appointing Al Rajhi Capital as financial advisor for the transfer to the main market. The company's move to the main market is contingent upon approval from the Saudi Exchange and …

Riyadh – Mubasher: Al Hammadi Holding logged a 17.87% year-on-year (YoY) jump in net profit to SAR 303.33 million in 2023 from SAR 257.34 million. Revenues grew 4.84% YoY to SAR 1.17 billion last year from SAR 1.12 billion, according to the annual …

Riyadh – Mubasher: Lana Medical Company has announced that its unit Lana Contracting Company won a contract for restoration, furnishing, and modifications to the buildings of the Peninsula Shield Forces in Hafr Al-Batin. The SAR 7.99 million …

Riyadh – Mubasher: Dallah Healthcare Company registered a 31.21% year-on-year (YoY) jump in net profit to SAR 360.12 million in 2023 from SAR 274.46 million. Revenues increased by 18.28% YoY to SAR 2.94 billion last year from SAR 2.48 billion, …

Riyadh – Mubasher: Saudi Chemical Company’s net profit surged 128.05% year-on-year (YoY) to SAR 182.90 million in 2023 from SAR 80.20 million. The company’s revenues jumped 31.36% YoY to SAR 4.85 billion last year from SAR 3.69 billion, according …

Riyadh – Mubasher: Scientific & Medical Equipment House Company won a project contract award valued at SAR 75.16 million on 3 March 2024, according to a bourse disclosure. Under the agreement, the listed firm will provide non-medical operation and …

Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group announced that a majority shareholder intends to transfer 17.43 million of its shares in the group to the investment portfolio of a wholly-owned subsidiary. The mentioned shareholder …

Riyadh – Mubasher: Ayyan Investment Company signed a non-binding memorandum of understanding (MoU) with Dallah Healthcare Company to sell the company’s shares in Al Ahsa Medical Services Company. The proposed deal will be implemented in exchange …

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) has completed the issuance of SAR 1 billion Sukuk. The sukuk was offered at a par value of SAR 1,000 with an annual return of around 7.20% over a five-year maturity, …

Riyadh – Mubasher: National Medical Care Company (NMC) purchased land in Jeddah at a total value of SAR 131.79 million, according to a bourse disclosure. Located in the Alsawari district, the plot land is bound by roads on every side, including …

Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group reported a 23.94% year-on-year (YoY) surge in net profit to SAR 2.04 billion in 2023 from SAR 1.65 billion a year earlier. Revenues grew by 14.41% YoY to SAR 9.50 billion last year …

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) started the offering of its SAR-denominated Sukuk at a par value of SAR 1,000 on 12 February. The offering will end on 25 February 2024, according to a bourse disclosure. …

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) inaugurated a hospital in Egypt under the administrative supervision agreement with Beit Al Batterjee Medical Company. Located in Alexandria, the Batterjee Medical City …

Riyadh – Mubasher: Canadian Medical Center Company revealed that  Hasan Joudah has resigned from his position as the CEO due to personal circumstances, according to a bourse filing. Joudah, who will remain as a board member, submitted his …

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Sudair Pharmaceuticals Company (Sudair Pharma), a 35%-owned affiliate of Al Hammadi Holding Company, approved to increase its capital by SAR 116 million on 8 January 2024.  This capital …

Riyadh – Mubasher: Lana Medical Company inked a contract worth SAR 14.66 million with Riyadh Third Health Complex, according to a bourse filing. Under the agreement, the firm will collect and store hazardous health care waste for health facilities …

Riyadh – Mubasher: Saudi Chemical Company announced cash dividends valued at SAR 42.16 million for the first nine months (9M) of 2023, according to a bourse filing. The listed firm will disburse a dividend of SAR 0.05 per share, equivalent to 5% …

Riyadh – Mubasher: The board of Dallah Healthcare Company approved cash dividends standing at SAR 48.84 million, representing 5% of the capital, for the fourth quarter (Q4) of 2023. The listed firm will pay a dividend of SAR 0.50 per share for …