Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Group (HMG) achieved a net profit of SAR 1.055 billion during the year ended on 31 December 2020, up by 21.3% when compared to SAR 870.23 million a year earlier.

This growth is owed to a rise in the group’s revenue by 16.9%, coupled with higher EBITDA and net income by 25.85% and 21.29%, respectively, according to a bourse statement on Sunday.

Revenues increased to SAR 5.86 billion in 2020, compared to SAR 5 billion in 2019.

In a separate filing, the group said its board proposed a cash dividend distribution of SAR 210 million or 6% of the share’s nominal value to shareholders for the fourth quarter (Q4) of 2020.