Latest news with #SulaimanAlHabib
Saudi Gazette
29-05-2025
- Health
- Saudi Gazette
Driving transformational change in healthcare institutions: From vision to impact
Starting significant transformation inside a healthcare company is no easy task. Along with strategy and leadership, it calls for tenacity, evidence-based judgment, and a strong awareness of the human factor. Rising healthcare expenses, an aging population, and the weight of chronic diseases put institutions all around under more and more pressure to fundamentally rather than just incrementally change. The World Health Organization estimates that, at $9.8 trillion in 2022, global health spending accounted for about 10% of the world GDP. In the Middle East, Saudi Arabia alone allocated more than $50 billion to healthcare, representing 17% of its total budget. Many systems nonetheless suffer with inefficiency, inadequate patient experiences, and burnout among healthcare professionals despite these expenditures. Most healthcare institutions in the region urgently require change to guarantee long-term financial viability and help to slow the significant rise in healthcare expenses. Many health systems run the danger of being financially unsustainable within the next ten years without aggressive structural changes. Digital health is among the most strong transformational accelerators available. One striking illustration comes from Estonia, where 99% of medical records are digital and available to patients and clinicians alike. Along with better results and openness, this change cut administrative expenses by more than 40 %. In Saudi Arabia, too, the Tele-Stroke Program run by Dr. Sulaiman Al Habib Medical Group uses remote neurology consultations and artificial intelligence to identify strokes in real time. Consequently, the door-to
Zawya
05-05-2025
- Business
- Zawya
Dr. Sulaiman Al Habib sees higher profits in Q1-25; dividends announced
Riyadh – Dr. Sulaiman Al Habib Medical Services Group logged net profits valued at SAR 557.01 million in the first quarter (Q1) of 2025, up 1.09% year-on-year (YoY) from SAR 550.95 million Earnings per share (EPS) rose to SAR 1.59 in Q1-25 from SAR 1.57 in Q1-24, according to the financial results. Revenues jumped by 25.23% to SAR 3.15 billion as of 31 March 2025 from SAR 2.52 billion a year earlier. Quarterly, the net profits generated in Q1-25 dropped by 9.24% from SAR 613.77 million in Q4-24, while the revenues edged up by 0.92% from SAR 3.12 billion. Cash Dividends The group's board members decided to disburse cash dividends valued at SAR 392 million for Q1-25. Dr. Sulaiman Al Habib will pay out SAR 1.12 per share, representing 11.20% of the share's nominal value, for 350 million eligible shares. Eligibility and payment dates for the dividends will be 8 and 26 May 2025, respectively. As of 31 December 2024, the medical group posted 13.16% YoY higher profits at SAR 2.31 billion. Source: Mubasher
Al Bawaba
04-04-2025
- Business
- Al Bawaba
15 richest Saudis make Forbes' 2025 billionaires list
Published April 4th, 2025 - 05:48 GMT ALBAWABA – Fifteen of the wealthiest Saudi men were recently added to Forbes' 2025 Billionaires List, which tracks the daily ups and downs of the world's richest people through its Real-Time Billionaires rankings. Also Read Forbes cover claims Ismail Haniyeh has $4B wealth, turns out fake Saudi richest businessmen listed on Forbes' 2025 billionaires list Forbes magazine released its annual list of the world's richest people for 2025. The new list includes the names of 15 prominent Saudi businessmen from various sectors, including energy, healthcare, pharmaceuticals, banks, and Prince Al Waleed bin Talal Al Saud, the Saudi billionaire businessman, investor, philanthropist, and member of the House of Saud, topped Forbes' 2025 Billionaires List with a net worth of approximately $16.5 billion. Dr. Sulaiman Al Habib, founder of the Al Habib Medical Group, ranks second on the list with a total fortune of nearly $10.9 billion. The list also features three members of the Al-Muhaidib Group and family, with a combined net worth of nearly $7.4 billion. Dr. Sulaiman Al Habib, founder of the Al Habib Medical Group, ranks second on the list with a total fortune of nearly $10.9 billion. (Shutterstock) Mohammad Abdullah Abunayyan, Chairman of the board of directors of ACWA Power, ranked sixth on Forbes' 2025 billionaires list with a fortune estimated at $3.2 bin Sulaiman Al Rajhi, chairman of Al Rajhi Bank, and Abdullah Al-Othaim, chairman and founder of Abdullah Al-Othaim Markets, both ranked 8th on the list, with an estimated wealth of $2.5 billion the list features several other names, including Abdullah Amer Al Nahdi, founder and vice chairman of Nahdi Medical, Saudi Arabia's largest chain of pharmacies, with a fortune of nearly $2.3 billion. Waleed bin Ibrahim Al Ibrahim, a Saudi businessman and founder and chairman of the Middle East Broadcasting Center (MBC Group), follows with an estimated wealth of $1.4 notable figures include Khalid Abdul Rahman Saleh Al-Rajhi, chairman and CEO of Abdulrahman Saleh Al Rajhi & Partners Co. Ltd, with a net worth of about $1.2 billion, and Yousuf Mohammad Salah Jamjoom, founder and board member of Jamjoom Pharmaceuticals Factory, one of Saudi Arabia's largest producers of over-the-counter medicines, with a fortune estimated at $1.2 billion. Finally, Forbes' 2025 Billionaires List highlighted Hamad Ali Al-Sagri, vice chairman and managing director of Leejam Sports, which operates a chain of gyms and sports centers in Saudi Arabia and the UAE, with a fortune of $1.1 billion. Also Read Meet the Bahraini Business Women Who Made It to Forbes List © 2000 - 2025 Al Bawaba (
Forbes
01-04-2025
- Business
- Forbes
Meet The World's Self-Made Billionaires
This is a published version of Forbes' Careers Newsletter. Click here to subscribe and get it in your inbox every Tuesday. Happy Billionaires Day! It's a busy one here at Forbes, as we just released our annual list of the world's billionaires, highlighting the richest––and arguably most powerful––people and families across the globe. In total, Forbes tracked and documented the wealth of more than 3,000 people worth a collective $16.1 trillion. The average fortune on the list now stands at $5.3 billion, a $200 million increase from 2024. While many of the world's billionaires inherited their wealth, nearly 70% of the newest names on this year's list are self-made, meaning they founded or cofounded the company that made them their billions. The newcomers include 73-year-old Sulaiman Al Habib, founder and chairman of Saudi Arabia hospital group HMG, as well as Scale AI cofounder and CEO Alexandr Wang, the list's youngest self-made billionaire at just 28 years old. Wang is one of just 21 individuals this year to reach billionaire status under the age of 30. Of those, only Wang and 29-year-old Ed Craven are self-made, with Craven being the cofounder of thought to be the world's biggest crypto-backed online casino. So what's the secret to their riches? For newcomer billionaire Steve Ells, it was Chipotle's compensation plan. Though Ells sold most of his stock throughout his time as CEO and then chairman of the board at the fast-casual chain, the company's compensation plan continued to award him Chipotle stock as it kept rising. And while it was the ultimate sale of fried chicken chain Zaxby that netted its cofounders their billions, it's the hard work they put into growing the business that allowed it to grow. Cofounder Tony Townley kept his day job running a mortgaging and loan business while running the first Zaxby location, sometimes mixing sometimes until 5 a.m. It goes to show that while entrepreneurship can be a struggle, it can certainly pay off. You can read more about the world's richest here. Practical insights and advice from Forbes staff and contributors to help you succeed in your job, accelerate your career and lead smarter Simply growing your network online won't cut it––there is no substitute for in-person connections. What you need to know about tariffs if you're in the job market. If you're preparing to answer behavioral questions in your next job interview, consider the CARL method. Why you should consider a gig job in this labor market. Your favorite finance friends saw their bonuses rise more than 30% last year. Where did the extra cash come from? After a profitable year for Wall Street in 2024, its bankers are cashing-in on generous bonuses. The New York State Comptroller said last week that bankers' bonuses rose 31.5% from the previous year, contributing to a total estimated bonus pool of $47.5 billion. The increase in performance incentives is largely due to one of the best years in history for the stock market and dealmaking. The S&P 500 and Nasdaq Composite each had record years in 2024, and Wall Street's profits rose 90%. 'Most of the time bonuses are based off of two things: What is your personal performance and what is the company's performance,' says Nich Tremper, economist at payroll provider Gusto. 'It's discretionary compensation based on those two things.' Add a securities employment increase––coming in at 201,500 employees, the highest annual level in at least 30 years, according to New York Comptroller Thomas DiNapoli––and you've got more employees earning six-figure salaries that qualified for the bonuses. Indeed, average salaries for analysts range from $160,000 to $210,000 per year after bonuses. That number can rise up to $475,000 for associates. But Wall Street wasn't the only place to see bonuses increase, albeit at a much lower rate. Average end-of-year bonuses for 2024 were up 2% compared to 2023 payouts for small businesses, according to a January report from Gusto, though the total share of workers who received bonuses decreased. Apart from Wall Street, those in the communications, technology and professional services industries saw the greatest bonus growth. Retail, for example, saw an 8% increase in bonuses from 2023 to 2024. But one major retailer held back from them altogether, citing fiscal year performance results. Salaried employees at Target who were eligible for bonuses will only receive 87% of their potential bonus for fiscal year 2024, HR Dive reported, down from the 100% they received the previous year. The state of the economy has a large part to play in how much employers are distributing to their workers. 'A bonus is backwards-looking,' says Tremper. 'But it's also forwards-looking. It's a business owner deciding that they don't need to keep that cash in the bank account and can actually invest that into their employees.' News from the world of work As the Ivy Leagues continue to amass criticism from wealthy alumni, parents of students and even the federal government, Forbes released its second iteration of the New Ivies list. Employers are increasingly looking at graduates from these 20 public and private universities, including newcomers Washington University in St. Louis, the University of Pittsburgh and the United States Military Academy at West Point, Emma Whitford reports. Top vaccine official Peter Marks quit his position at the Federal Drug Administration (FDA) on Friday, criticizing Health and Human Services Secretary Robert F. Kennedy's views on vaccines and his 'misinformation and lies.' He's not the first—and certainly not the last—federal employee to clash with his new boss. Just days later, cuts at HHS reportedly began. Kennedy is expected to cut about a quarter of the department's workforce, about 10,000 employees, across regional offices, the CDC, FDA, NIH, and the Centers for Medicaid and Medicare. Job applications from federal workers are surging, Indeed reports. USDA workers and those working in DEI roles are likely hitting the job market the most, as searches for horticulture and employee relations roles increased by more than 10 times compared to this time last year. While most federal employees looking for work are still in the Washington, D.C. and Virginia area, Texas, California and Georgia are not far behind. Are you worried about a potential recession and how it could impact your job? Forbes' Derek Saul has been tracking economists' recession warnings as 'Liberation Day' tariffs loom. Here's why it's not time to worry yet. Gen X creatives are in a career meltdown, the New York Times reports. Right when they should be at the peak of their career, advertising and media workers in their late 40s and 50s are trying to play catch-up in an industry now dominated by cheap, fast social media content, influencers and generative AI. How DOGE Cuts Are Impacting U.S. Businesses The Federal Communications Commission said it will investigate which major entertainment studio over its DEI practices among both its employees and its content? A. Universal Studios B. Disney C. Warner Bros. D. Netflix Check if you got it right here.
Zawya
18-02-2025
- Business
- Zawya
Dr. Sulaiman Al Habib's profits exceed $613mln in 2024; dividends for Q4 unveiled
Riyadh – Dr. Sulaiman Al Habib Medical Services Group recorded a 13.16% year-on-year (YoY) hike in net profit to SAR 2.31 billion during 2024, compared to SAR 2.04 billion. The revenues hit SAR 11.20 billion as of 31 December 2024, up 17.79% from SAR 9.50 billion in 2023, according to the financial income results. Earnings per share (EPS) climbed to SAR 6.62 during January-December 2024 from SAR 5.85 in the year-ago period Dividends The board members approved cash dividends valued at SAR 430.50 million, equivalent to 12.30% of the capital, for the fourth quarter (Q4) of 2024. Dr. Sulaiman Al Habib will disburse a dividend of SAR 1.23 per share for 350 million eligible shares. Eligibility and payment dates will be 20 February and 10 March 2025, respectively. As of 30 September 2024, the group's net profits surged by 11.86% YoY to SAR 1.70 billion from SAR 1.52 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
