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Market: Tadawul Symbol: 4002 ISIN: SA12C051UH11 Industry: Health Care Equipment & Svc

MOUWASAT MEDICAL SERVICES WAS FOUNDED IN 1975

It started as a sole proprietorship with a capital of 100,000 Saudi riyals owned by Mr. Muhammad Sultan Al-Subaie for the purpose of managing and operating medical facilities by establishing the Al-Mouwasat Clinic in the year 1975 AD, and hence the first comprehensive medical facility was established under the name Al-Mouwasat Hospital in Dammam in the year 1984 AD. Which started working in 1988.

The Mouwasat Story

The company's main activity is based on providing medical services to patients through a network of hospitals that it owns %100 or has majority stakes in and rented medical facilities, as well as selling medicines through its pharmacies. The following is a summary of this medical network;


Hospitals
Opening Dates
Region
Infrustructures
Ownership
Mouwasat Hospital Dammam
1987
Eastern
200 Beds
80 Clinics
100%
Mouwasat Hospital Jubail Industrial
2004
Eastern
200 Beds
80 Clinics
100%
Mouwasat Hospital Qatif
2006
Eastern
120 Beds
35 Clinics
51%
Mouwasat Hospital Riyadh
2014
Central
200 Beds
100 Clinics
100%
Mouwasat Hospital Khobar
2018
Eastern
260 Beds
100 Clinics
100%
Mouwasat Hospitals Al Madinah Almunawrah
2022
Western
220 Beds
80 Clinics
100%
Mouwasat Hospital Yanbu Industrial City  
Western
200 Beds
60 ICUs
100%
Mouwasat Hospital Jeddah  
Western
300 Beds
70 ICUs
51%

New Mouwasat Hospital Riyadh Al-Qasadiyah
* 40 clinics

 
Central
120 Beds
35 ICUs
100%
Share data 19/05/2024
Financial Highlights, SAR Million 2021 2022 2023
Consolidated Income Statement
Revenue 1,866 2,014 2,313
Gross profit 996 1,102 1,313
Operating profit 622 673 757
Profit before zakat 632 660 727
Profit for the year 610 633 688
Profit for the year attributable to shareholders of the company 578 599 658
Consolidated Balance Sheet
Total assets 4,059 4,662 4,965
Total liabilities 1,357 1,585 1,538
Total equity 2,702 3,076 3,427
Consolidated Cash Flow
Net cash from operating activities 683 707 814
Net cash used in investing activities (446) (473) (475)
Net cash outflow from financing activities (240) (247) (434)
Cash and cash equivalents end of the year 157 144 49
Key Indicators      
Earnings per share (SR) 5.78 3.00 3.29
Gross Profit Margin (%) 53.4 54.7 56.8
Net Debt to Equity Ratio (%) 50.2 51.5 44.9
Current Ratio 2.1 2.1 1.9