Page 106 - SGH REPORT - FEBRUARY 2024

2/15/24, 2:52 PM Saudi German Hospital unveils medical project in Egypt | Decypha

Saudi German Hospital unveils medical project in Egypt

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German
Hospital) inaugurated a hospital in Egypt under the administrative supervision
agreement with Beit Al Batterjee Medical Company.
Located in Alexandria, the Batterjee Medical City project has 300 beds for
inpatient hypnosis patients and 45 specialised clinics, according to a bourse
filing.
Saudi German Health highlighted that it will receive 10% of the net profit before
tax deduction as administrative supervision fees for the hospital.
In the first nine months (9M) of 2023, the Tadawul-listed company logged net
profits after Zakat and tax valued at SAR 143.67 million, an annual leap of 241.91% from SAR 42.02 million
Revenues surged by 26.05% to SAR 1.93 billion in 9M-23 from SAR 1.53 billion in 9M-22, while the earnings per share (EPS)
increased to SAR 1.56 from SAR 0.46.

Mubasher Contribution Time: 11-Feb-2024 06:49 (GMT)
Mubasher Last Update Time: 11-Feb-2024 06:50 (GMT)

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