Company Insights Dr Sulaiman Al Habib Medical Services SA1510P1UMH1 Health Dr Sulaiman Al Habib Medical Services Overview The Dr Sulaiman Al-Habib Medical Group (HMG) is one of the Middle East’s leading private healthcare providers. Established in Saudi Arabia in 1993 by Dr Sulaiman Al Habib, HMG’s hospital division establishes, manages and runs hospitals, medical facilities, pharmacies, and diagnostic laboratories. Its pharmacies division includes Al Habib Pharmacies, Middle East Pharmacies Company and Afia Pharmacies Company. HMG also provides diverse services such as management for third parties, home healthcare, intensive care units, patient transport, facility maintenance, IT and cloud solutions. HMG recently expanded its hospital network with the 2024 openings of Al-Fayhaa Hospital in Jeddah and Al Sahafa Hospital in Riyadh. Both focus on AI and digital technologies in the provision of their healthcare services. HMG is listed on the Saudi stock exchange and its founder and chairman Dr Sulaiman Bin Abdulaziz Al Habib remains its largest single shareholder. Dr Sulaiman Al Habib Medical Services News Analysis Health Saudi privatisation push fortifies healthcare companies The revenues of listed Saudi healthcare companies should rise more quickly than the broader stock market thanks to government efforts to increase the private sector’s involvement, analysts have said. Nine-month profits have risen for 10 of the 11 companies analysed by AGBI, with eight posting increases of at least 10 percent. Almoosa Health was the […] January 29, 2025 Health Sulaiman Al Habib secures $347m loan for Saudi expansion Dr Sulaiman Al Habib Medical Services Group Company has secured long-term financing to expand across Saudi Arabia amid growing competition for healthcare services in the kingdom. The company, which trades on the Saudi stock exchange, has signed a sharia-compliant credit facility worth SAR1.3 billion ($347 million) with Al Rajhi Bank, a Saudi-listed lender. The 13-year-long facility will […] October 1, 2024 Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024 Posts navigation
Analysis Health Saudi privatisation push fortifies healthcare companies The revenues of listed Saudi healthcare companies should rise more quickly than the broader stock market thanks to government efforts to increase the private sector’s involvement, analysts have said. Nine-month profits have risen for 10 of the 11 companies analysed by AGBI, with eight posting increases of at least 10 percent. Almoosa Health was the […] January 29, 2025
Health Sulaiman Al Habib secures $347m loan for Saudi expansion Dr Sulaiman Al Habib Medical Services Group Company has secured long-term financing to expand across Saudi Arabia amid growing competition for healthcare services in the kingdom. The company, which trades on the Saudi stock exchange, has signed a sharia-compliant credit facility worth SAR1.3 billion ($347 million) with Al Rajhi Bank, a Saudi-listed lender. The 13-year-long facility will […] October 1, 2024
Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024
