Tariq Al-Qasabi, Chairman of the Board of Administrators of Dallah Well being Providers Firm
He mentioned Tariq Al-QasabiChairman of the Board of Administrators of the corporate Dallah Well being ProvidersThe corporate is coming into the fourth quarter of 2025 from a place of power, anticipating the final quarter to be the strongest performing interval of the yr, in mild of continued expansions and improved operational effectivity.
Al-Qasabi defined in an interview with: numbersThe corporate’s efficiency in the course of the first 9 months was promising, particularly after the enlargement within the Jap Area by means of the acquisition of Dallah Al-Khobar and Dallah Al-Ahsa hospitals, indicating that expectations point out that revenues for the 2 hospitals will exceed 500 million riyals, which exceeds earlier estimates.
He identified that the expansion alternatives are nice on the degree of the corporate’s services, stressing that Dallah Al-Khobar Hospital is among the most distinguished ones, as the corporate was in a position to cut back its losses by 95% in the course of the present quarter, whereas there are nonetheless alternatives to broaden its operational capability and companies, anticipating a promising future for it in serving sufferers within the Jap Province.
Al-Qasabi careworn that each one these components make the corporate optimistic that the yr 2025 might be a brand new file yr for Dallah Well being when it comes to revenues, earnings and medical achievements.
Al-Qasabi acknowledged that the acquisition of Al-Salam Medical Providers Firm, which owns Dallah Al-Khobar Hospital, and Al-Ahsa Medical Providers Firm, which owns Dallah Al-Ahsa Hospital, which happened on March 23, 2025, had a constructive influence on income progress, as the full revenues of the 2 hospitals in the course of the third quarter amounted to about 186 million riyals, which represents 87% of the full enhance in revenues in the course of the interval.
He added that the full variety of guests to Dallah Well being services elevated by greater than 35% in the course of the third quarter of 2025, in comparison with the identical interval of the earlier yr, whether or not in outpatient clinics or inpatient instances.
He identified that this progress was supported by the addition of Dallah Al-Khobar and Dallah Al-Ahsa hospitals below the group’s umbrella, in Whereas the services present earlier than the acquisition recorded a wholesome progress within the variety of guests by 9% in exterior visits.
The Chairman of the Board of Administrators defined that the rise within the firm’s earnings by 12.5% in the course of the third quarter of the present yr got here on account of the expansion in revenues and the rise in complete revenue by 17.8%, equal to 58 million riyals, in comparison with the identical quarter of final yr.
He added that the corporate, primarily based on its robust monetary place, was ready, after its acquisition of Al Salam Firm, to renegotiate the phrases of long-term Murabaha financing, which led to lowering the financing price and recording remeasurement earnings of 29.5 million riyals in the course of the third quarter of 2025.
He identified that the corporate succeeded, after its acquisition of Dallah Al-Khobar Hospital, in considerably lowering the hospital’s losses, as web losses decreased by 44 million riyals, or by 95%, in comparison with the identical quarter of the earlier yr. He defined that the losses of the same quarter weren’t included within the outcomes of “Dallah Well being” as a result of they preceded the date of the acquisition.
Al-Qasabi confirmed that this sharp decline in Dallah Al-Khobar’s losses got here on account of attaining progress within the variety of visits and enhancing working effectivity, indicating that the hospital continues to be in its early operational phases, which boosts the alternatives for future progress in its monetary and repair efficiency.
In line with Dallah information in numbersThe corporate’s earnings rose to 421.7 million riyals by the tip The primary 9 months of 2025Third quarter earnings amounted to 141.9 million riyals.
