National Medical Care Co (4005)

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News

19 January 2020 04:29 PM NMC awarded SAR 279m government contract

Riyadh – Mubasher: National Medical Care Company (NMC) announced that the Ministry of National Guard has awarded the company a contract for the provision of medical services for their long term care patients. The contract was awarded to NMC …

Companies Investments

7 November 2019 11:42 AM NMC records SAR 60m profits in 9M

Riyadh – Mubasher: National Medical Care Company (NMC) disclosed a 45.4% year-on-year increase in its profits for the third quarter of 2019, recording SAR 16.6 million. Meanwhile, revenues inched down by 1.6% to SAR 173.5 million in Q3-19, …

Company News

1 August 2019 01:42 PM NMC posts SAR 14m profits in Q2

Riyadh – Mubasher: National Medical Care Company (NMC) announced its interim financial results for the second quarter of 2019. Net profits after zakat and tax plunged by 31.8% to SAR 13.8 million in Q2-19, compared to SAR 20.26 million in Q2-18, …

Financial Results

28 May 2019 01:20 PM EFG Hermes concludes first merger advisory in Saudi market

Riyadh – Mubasher: EFG Hermes, listed on the Egyptian Exchange (EGX), announced the completion of its advisory on the establishment of a joint venture (JV) between NMC Healthcare, listed on the London Stock Exchange (LSE), and Hassana Investment …

Companies Investments

26 May 2019 11:31 AM NMC Healthcare launches medical JV in Saudi Arabia

Riyadh – Mubasher: NMC Healthcare, Saudi Arabia’s General Organization for Social Insurance (GOSI), and its investment arm Hassana Investment Company (Hassana) on Sunday announced the closing of the definitive agreements signed on 4 March to found …

Companies Investments

13 May 2019 02:02 PM Saudi healthcare sector posts SAR 113.6m decline in Q1 profits

Riyadh – Mubasher: The companies listed on the Saudi Stock Exchange (Tadawul) in the healthcare sector have registered a decrease of 31.2% or SAR 113.65 million in profits during the first three months of 2019 when compared to the same quarter …

Financial Results

6 May 2019 11:00 AM National Medical Care’s profit hikes 17% in Q1

Riyadh – Mubasher: National Medical Care Co reported a 17.1% year-on-year rise in profits during the first quarter of 2019. The firm’s profits, after calculating Zakat and Tax, amounted to SAR 29.99 million in Q1-19, compared to SAR 25.6 million …

Financial Results

24 April 2019 04:20 PM National Medical’s OGM nods to SAR 1/shr dividends for 2018

Riyadh – Mubasher: National Medical Care Co on Wednesday announced that the company’s shareholders had approved distributing a cash dividend of SAR 1 per share, or 10% of the share’s nominal value, for 2018 during an ordinary general meeting (OGM) …

General Assembly

28 March 2019 01:34 PM Saudi healthcare firms’ profit drops to SAR 941m in 2018

By: Thabet Shehata Riyadh – Mubasher: The consolidated profits of the healthcare companies listed on the Saudi Stock Exchange (Tadawul) tumbled to SAR 941 million during the full-year 2018, from SAR 1.29 billion a year earlier. Tadawul’s …

Financial Results

24 March 2019 02:12 PM National Medical Care profit falls 27% in 2018; dividends proposed

Riyadh – Mubasher: National Medical Care Co. reported a 27.1% year-on-year profit retreat in 2018. The Saudi firm’s net profits, after taxes and zakat, reached SAR 62.18 million ($16.58 million) last year, compared to SAR 85.3 million …

Financial Results

10 February 2019 00:02 PM National Medical Care denies selling unit

Riyadh – Mubasher: Saudi Arabia-based National Medical Care Co on Sunday denied news circulated on social media about selling one of its subsidiaries. The firm stated that there were no negotiations regarding this transaction, according to a …

Management Decisions

5 November 2018 11:17 AM National Medical Care Q3 profits fall to SAR 11m

Mubasher: National Medical Care Co reported a decrease of 57.6% in profits during the third quarter of 2018 compared to the same period a year ago, while the earnings shrank 43.5% when compared to the second quarter. Earnings narrowed to SAR 11.44 …

Financial Results

21 October 2018 09:51 AM National Medical Care appoints new CEO

Riyadh – Mubasher: National Medical Care Co. on Sunday announced the resignation of its CEO and the appointment of a new one. CEO Raed Abdullah Altamimi has resigned his post, the firm said in a statement to the Saudi Stock Exchange (Tadawul), …

Board of Directors

31 July 2018 09:50 AM National Medical logs SAR 20m profit in Q2

Riyadh – Mubasher: Saudi Arabia-based National Medical Care Company on Tuesday reported a 3.91% year-on-year increase in net profits for the second quarter of 2018. National Medical Care’s profits amounted to SAR 20.26 million in Q2-18, compared …

Financial Results

10 June 2018 11:55 AM GOSI unit to sell stake in National Medical Care to NMC Saudi Arabia

Riyadh – Mubasher: The National Medical Care Company on Sunday revealed that Hassana Investment Company, a subsidiary of the General Organization for Social Insurance (GOSI), is planning to sell its stake in the company to NMC Saudi Arabia …

Companies Investments

8 May 2018 01:11 PM National Care Q1 profit hikes 65%

Riyadh – Mubasher: Saudi Arabia-based National Medical Care Company on Tuesday posted a 64.8% year-on-year jump in its profits for the first quarter of 2018. Net profits recorded SAR 25.6 million in Q1-18, compared to SAR 15.54 million in Q1-17, …

Financial Results

4 February 2018 09:58 AM 2 major Saudi hospitals eye JP Morgan, Goldman Sachs for merger

Riyadh – Mubasher: Saudi Arabia-based Al Hammadi Company for Development and Investment is said to be planning to appoint Goldman Sachs Group as an advisor for its merger with National Medical Care in the coming period. National Medical Care is …

Companies Investments

31 January 2018 10:23 AM National Care collects SAR 283m receivables in January

Riyadh – Mubasher: Saudi Arabia-based National Medical Care Company announced that it has received SAR 283 million from its clients during January. The healthcare provider said it has received SAR 210.33 million from one of its major clients on …

Companies Investments

2 August 2017 06:15 PM Al Hammadi mulls merger with National Care

Riyadh – Mubasher: Al Hammadi Company for Development and Investment’s  board of directors on Wednesday announced starting discussions with National Medical Care Company over a possible merger. Al Hammadi will appoint a financial advisor to study …

Mergers and Acquisitions

3 April 2017 09:26 AM National Care wins SAR 66m contract from KSA National Guard

Riyadh – Mubasher: National Medical Care Company received an award letter worth SAR 66.1 million ($17.6 million) from the Saudi Arabian National Guard on Sunday. Under the agreement, the company will provide the long-stay patients at the National …

Companies Investments

27 January 2017 00:30 PM Tadawul gains SAR 64bn in week

.Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance last week, after three weeks of declines. The main index rose 3.77% or 259 points to reach 7,134.88 points. Market value gained SAR 64 billion ($17 billion) to reach …

Trading Activities

13 December 2016 01:17 PM Tadawul sees special transaction on National Medical Care

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a special transaction held on Monday, on the stock of National Medical Care, as 26,180 shares were traded at a total turnover of SAR 1.7 million or SAR 65.5 per share. The value is within …

Trading Activities

3 August 2016 11:09 AM National Care, Tawuniya renew medical services contract

Riyadh – Mubasher: National Medical Care Company renewed its contract with the Company for Cooperative Insurance’s (Tawuniya) on Tuesday to provide medical services for the underinsurance in Riyadh. The contract is valid for three years starting 1 …

Companies Investments

31 July 2016 11:57 AM National Care Q2 profits up 37%

Riyadh – Mubasher: National Medical Care Company on Sunday reported a 36.86% year-on-year increase in net profit to SAR 57.88 million ($15.4 million) in the second quarter of 2016 from SAR 42.29 million ($11.28 million). Profit growth was …

Financial Results

28 June 2016 09:49 AM National Care extends contract with GOSI

Riyadh – Mubasher: National Medical Care Company announced on Tuesday that it has renewed its contract with the General Organization for Social Insurance (GOSI) for another year. Under the contract, National Care provides medical services for …

Companies Investments