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Saudi Stock Exchange lists more than 70 companies

 


(MENAFN) Data released by Argaam showed that on the Saudi Stock Exchange (Tadawul) at least 70 companies are trading above their three-month average.

Recent statistics at the end of last week, March 18, showed that healthcare companies dominated at the top of the list, Middle East Healthcare Co. (MEHC), owner and operator of the Saudi German Hospital brand, was trading at 1417% above its three. monthly average, according to a review of rankings.

Net profit after Zakat and tax of SR 101 million ($ 26.93 million) for last year, a 4% year-over-year improvement was announced by MEHC. While the number of outpatients increased from 1.25 million in 2019 to 1.17 million in 2020, the number of inpatients increased from 57,000 in 2019 to more than 70,400, an annual increase of 23.5%.

As part of its growth plan, MEHC aims to continue expanding its hospitals in Mecca and Riyadh which are expected to be installed in the last three months of the current year.

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