Spain eyes Saudi tourism in post-pandemic shake-up

Spain eyes Saudi tourism in post-pandemic shake-up

RIYADH: Dr. Sulaiman Al-Habib Medical Group (HMG) net income attributable to the shareholders for the year 2020 increased by 21.29 percent to reach SR 1,055 million ($282 million).This was compared to SR 870.23 million last year, the company stated on Sunday on the Saudi Stock Exchange (Tadawul).

The net income margin increased by 18.01 percent of revenue compared to 17.35 percent for the year 2019. This is despite the increase in fixed costs associated with the start of Khobar hospital’s operations during 2019, which is still in the ramp-up phase.

Revenues for the year 2020 grew by 16.85 percent, reaching SR 5,861.60 million. There was an increase of SR 845.32 million, compared to SR 5,016.28 last year, as a result of growth in…

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