Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group posted an annual rise of 25.29% in net profit after Zakat and tax to SAR 489.27 million during the first quarter (Q1) of 2023, versus SAR 390.50 million.

Revenues increased by 15.87% year-on-year (YoY) to SAR 2.30 billion in Q1-23 from SAR 1.99 billion, according to the initial income statements.

The earnings per share (EPS) reached SAR 1.40 during the first three months (3M) of 2023, compared to SAR 1.12 in the year-ago period.

On a quarterly basis, the Q1-23 net profits after Zakat and tax climbed by 10.82% from SAR 441.50 million in Q4-22, while the revenues went up by 2.36% from SAR 2.25 billion.

Dividends Proposal 

The board members of Dr. Sulaiman Al Habib recommended cash dividends amounting to SAR 350 million, equivalent to 10% of the company’s capital, for Q1-23.

In this regard, the Saudi firm will grant SAR 1 per share for 350 million eligible shares.

Eligibility and distribution dates for the dividends will be 11 and 29 May 2023, respectively.

Last year, the Tadawul-listed group achieved net profits after Zakat and tax valued at SAR 1.65 billion, up 19.91% from SAR 1.37 billion in 2021.