logo
Saudi German Hospital's revenues surpass $400mln in H1-25; profits hike 109%

Saudi German Hospital's revenues surpass $400mln in H1-25; profits hike 109%

Zawya15 hours ago
Riyadh – The net profit of Middle East Healthcare Company (Saudi German Hospital) hiked by 109.39% year-on-year (YoY) to SAR 223.80 million in the first half (H1) of 2025.
The generated earnings were compared with SAR 106.88 million, according to the interim financial results.
Revenues jumped by 8.77% to SAR 1.52 billion as of 30 June 2025 from SAR 1.40 billion in H1-24, while the earnings per share (EPS) increased to SAR 2.43 from SAR 1.16.
Results for Q2-25
In the second quarter (Q2) of 2025, Saudi German Hospital recorded net profits valued at SAR 63.67 million, up 1.25% YoY from SAR 62.88 million.
The group's revenues grew by 11.01% to SAR 791.13 million in April-June 2025 from SAR 712.66 million in Q2-24.
Quarterly, the Q2-25 profits shrank by 60.23% from SAR 160.13 million in January-March 2025, while the revenues climbed by 7.82% from SAR 733.74 million.
All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Riyadh launches first phase of managed residential parking to slash congestion and protect spaces for residents
Riyadh launches first phase of managed residential parking to slash congestion and protect spaces for residents

Arabian Business

time4 hours ago

  • Arabian Business

Riyadh launches first phase of managed residential parking to slash congestion and protect spaces for residents

Riyadh has begun the first phase of managed unpaid parking in residential neighbourhoods, aiming to reduce congestion, protect parking spaces for residents, and prevent spillover from busy commercial streets. Part of the Riyadh Parking Project—one of the world's largest smart parking initiatives—the scheme aligns with Saudi Vision 2030 goals to create a more organised urban environment and improve residents' quality of life. The initiative builds on the earlier rollout of paid parking zones on commercial streets and will regulate residential parking through digital permits issued to residents and their visitors via the Riyadh Parking app. Riyadh car parking Linked to the national Nafath platform for secure login, the app ensures that unpaid residential spaces are prioritised for residents, reducing the inconvenience caused by unregulated parking. The first phase covers Al Worood neighbourhood, with gradual expansion planned to other districts bordering paid parking zones. Enforcement will be supported by monitoring vehicles equipped with cameras, carrying out periodic patrols to ensure compliance. Launched in August 2024, the Parking Project aims to manage over 140,000 unpaid residential spaces and 24,000 paid commercial spaces across 12 zones—making it one of the largest coordinated parking systems globally.

UAE retailers double down on omnichannel strategy as 70% integrate digital tools in-store
UAE retailers double down on omnichannel strategy as 70% integrate digital tools in-store

Khaleej Times

time4 hours ago

  • Khaleej Times

UAE retailers double down on omnichannel strategy as 70% integrate digital tools in-store

Seventy per cent of UAE retailers are now integrating digital tools into their physical stores, signalling a major shift toward omnichannel retail, a study showed. According to The UAE Retailer Survey, conducted by Zoho Commerce, a unit of Zoho Corp, a leading global technology company, 57 per cent of UAE retailers operate both physical and digital storefronts, with nearly 7 in 10 of them generating equal revenue from both channels. This reflects a growing maturity in omnichannel commerce, as businesses adopt unified strategies that enhance convenience, reach, and personalisation. Retailers cited expanded market access, changing consumer behaviour, and the need for more tailored experiences as key drivers of this transformation. Despite the growth of e-commerce, 50 per cent of the retailers plan to expand their physical footprint, with pop-up stores and in-store partnerships emerging as popular strategies to provide experiential value and instant gratification. Social media has become the leading discovery channel, with 69 per cent of respondents saying it's where their customers first find their products —surpassing search engines and marketplaces. Interestingly, one in three businesses that are operating completely offline gather feedback from online channels, a sign of how digital and physical engagement channels continue to become increasingly intertwined. Speed and convenience also emerged as top consumer priorities. 54 per cent of the retailers report growing demand for faster delivery, and 49 per cent note rising expectations for same-day service. Retail businesses cite that the top reasons that their customers shop online are convenience and savings, while for in-store customers the key motivators are the ability to touch, try, and the satisfaction of taking the products home immediately. In response, retailers are investing in in-store technology: 64 per cent now offer mobile payments, and over 60 per cent have implemented digital screens or tablets to aid product discovery. Nearly 70 per cent say in-store tech enhances speed and customer convenience. However, omnichannel execution is not without challenges. 51 per cent of retailers struggle to balance online and offline operations, while others face logistics issues and rising operational costs. Common friction points for customers include high shipping fees for online retailers, while limited staff availability, and long checkout lines contribute to customer drop-offs for retailers with physical stores. Looking ahead, nearly 60 per cent of retailers are investing in AI and machine learning to improve competitiveness, with key focus areas including seamless integration across channels, expanded payment options, and hyper-personalised experiences. Nearly half believe AI will fundamentally reshape the future of online retail. 'The retail sector in the UAE is taking a more holistic and intelligent approach to commerce,' says Prashant Ganti, Vice President, Global Product Strategy, Finance & Operations, Zoho. 'Our study shows retailers are building unified experiences by combining other online and offline channels, reflecting a trend in how a modern consumer purchases. As the country's retail sector continues its digital evolution, businesses that invest in the right tools, including AI to enhance buyer experience will lead the next wave of growth. Zoho is committed to supporting this evolution with our solutions like Zoho Commerce that help businesses build, market, and manage their online stores with ease, provide personalised customer experiences, and sell globally across multiple channels.'

United Arab Bank successfully raises Dh1.03 billion through rights issue
United Arab Bank successfully raises Dh1.03 billion through rights issue

Khaleej Times

time4 hours ago

  • Khaleej Times

United Arab Bank successfully raises Dh1.03 billion through rights issue

United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced the successful completion of its capital increase, which ended on July 29, 2025. The Rights Issue raised Dh1,031 billion increasing the Bank's issued capital from Dh2,062 billion to Dh3,093 billion. The newly issued shares were priced at Dh1 per share. The Rights Issue was oversubscribed, underscoring UAB's robust fundamentals and strong performance as a result of the diligent execution of its turnaround strategy. United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of the Bank. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, said: 'We are deeply grateful for the trust and support of our shareholders in this Rights Issue. The strong response we have received will further strengthen our balance sheet, mark a new chapter in UAB's progress, and reaffirm our commitment to delivering value to our shareholders. In addition, it will enhance our financial resilience, and position us to continue contributing to the UAE economy and its sustainable development agenda.' He added: 'We also extend our sincere appreciation to the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Abu Dhabi Securities Exchange (ADX) and all our transaction partners whose support and collaboration were instrumental in ensuring the success of this Rights Issue.' Shirish Bhide, CEO of United Arab Bank, said: 'The success of the Rights Issue reflects the confidence that our shareholders have in the Bank and our future endeavours. This step represents an important milestone in strengthening UAB's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the next phase of our strategy, ensuring we are well-positioned to meet evolving regulatory requirements, support our clients' needs, and deliver sustainable returns to our shareholders.' UAB posted a net profit of Dh208 million for the first half of 2025, compared to Dh139 million for the same period last year, representing a 50 per cent year-on-year increase. Total income rose by 24 per cent year-on-year to Dh374 million. First Abu Dhabi Bank (FAB) acted as Lead Manager and Bookrunner of the Rights Issue and Al Tamimi & Co. acted as Legal Adviser.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store