Sulaiman Al Habib shares hit IPO-High, gain 33.8% year-to-date

Shares of Dr. Sulaiman Al-Habib Medical Group rose 6.19% to SR 216 (the highest since its IPO in March 2020) compared to yesterday’s close at SR 203.40.

Sulaiman Al-Habib stock gained 33.80% or SR 54.6 year-to-date after it closed 2021 at SR 161.40.

Almost 3498 deals worth SR 132.39 million have been executed on 630.6 thousand shares.

It is worth noting that Dr. Sulaiman Al-Habib Medical Group surged 22.4% to SR 390.5 million in the first quarter of 2022 compared to SR 319 million during the same period of 2021.

The company’s Board of Directors recommended on April 24th to distribute SR 0.83 per share for the first quarter of the current year.