Dallah Health’s Net Profits Jump 61%

Dallah Health, a leading healthcare provider serving more than 1.5 million patients annually, announced today its financial results for the third quarter of 2021, recording a 55% increase in revenues and 61% increase in net profits compared to the third quarter of 2020.

Looking at the first nine months of the year, Dallah Health’s revenues grew 67.5% to SR1.53 billion compared to SR913 million in the same period of 2020, while net profits after zakat and taxes deductions, increased by 139% to SR191.4 million compared to SR80 million in the first nine months of 2020.

“The group’s strong performance is a result of increasing footfall to our hospitals and higher occupancy rates at our Dallah Namar facility, which continues to establish itself as the first choice for patients in the area looking for trusted medical advice,” said Eng. Tariq Othman AlKasasbi, Chairman of Dallah Health Group.

“Our recent acquisitions of additional medical facilities have also started to reflect positively on the group’s bottom line,” he added.

Such a growth is in alignment with Dallah’s expansion strategy which includes both existing and new healthcare facilities to serve communities across Saudi Arabia.

Enhancing the overall patient experience will be a key focus for the group in the coming period with planned investments in upgrading medical facilities and developing digital solutions to provide patients with better access to Dallah Health’s leading medical services, according to AlKasabi.

The group recently announced the completion of phase 1 worth SR70 million investment in upgrading its Dallah Al Nakheel facility in Riyadh.

Dallah Health Group was established in 1987 and was listed on the Saudi Stock Exchange in 2012. Since listing, the group’s business has nearly quadrupled and now includes five healthcare facilities serving more than 1.5 million patients across the Kingdom.

With more than 900 beds and 500 outpatient clinics, Dallah employs over 3,000 employees, including around 1,000 doctors that are carefully selected to deliver the highest standards of care to communities in Saudi Arabia.

About Dallah Health

Operating since 1987, Dallah Health is one of the most established and trusted healthcare providers in Saudi Arabia. Driven by ethics, passion and integrity, Dallah strives to be a leading healthcare provider in the Kingdom and a destination for medical tourism, delivering trusted care by the best experts in the medical industry.

Through its six hospitals in Saudi Arabia – including its flagship Dallah Al Nakheel and Dallah Namar hospitals in Riyadh – Dallah Health provides more than 900 beds and 500 outpatient clinics that set the standard for quality care across a wide range of disciplines and specialities, including Cardiology, Orthopedics, Pediatrics, ENT, Dental Services and Physical Therapy.

Dallah Health has pioneered healthcare in Saudi Arabia for decades. Its Dallah Nakheel hospital was the first in the Kingdom to conduct a number of procedures, including laparoscopic surgery in 1990, cardiac surgery in 1995, and the delivery of a baby through IVF/ICSA in 1996.

Listed on the Saudi stock exchange, Dallah Health has more than 3,000 employees serving more than 1.5 million patients annually.

Find out more about Dallah Health here: www.dallahhealth.com