Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) registered net profits totaling SAR 96.34 million for the first half (H1) of 2026, an annual fall of 37.57% from SAR 154.32 million.
The decline occurred despite a marginal 0.67% rise in total revenue to SAR 1.52 billion.
For the second quarter (Q2), net profit dropped by 29.46% year-on-year (YoY) to SAR 57.93 million.
The company attributed the lower profitability to higher depreciation and amortization costs at its Madinah facility, pre-operating expenses for the Al Awali Medical Center, and increased finance costs.
Revenue for the quarter reached SAR 798.91 million, down 1.59% from the previous year, partly due to the absence of a non-recurring Hajj contract recorded in 2025.
The group highlighted significant growth in its new business segment, including hospitals in Riyadh and Madinah, where revenues hiked by 86.50% during the half-year period.
On 20 July, the listed group finalized the acquisition of Mohammed Bin Rashid Al Fagih & Partners for SAR 1.60 billion.
To support its expansion, the group secured SAR 2.20 billion in new credit facilities, bringing total debt to SAR 726 million as of 30 June 2026.
