RIYADH: Arabian International Healthcare Holding Co. has completed the acquisition of an SR214 million ($57 million) stake in Saudi medical rival Innovative Care Co. Known as Tibbiyah, the company now holds a 51 percent stake in Riyadh-based Innovative Care, which operates New You Medical Center, according to a bourse filing. Established in 2016, New You is a center
RIYADH: Arabian International Healthcare Holding Co. suffered losses of SR21 million ($6 million) during the first half of the year from profits of SR5.1 million in the prior-year period. Also known as Tibbiyah, its revenues plummeted 14 percent to SR215 million in the first half, a bourse filing shows. Tibbiyah has attributed the poor performance to disruptions in the global
RIYADH: Arabian International Healthcare Holding Co. recorded a 14-percent drop in profit during 2021, driven by lower sales. Also known as Tibbiyah, the company registered a net profit of SR82 million ($21 million), down from SR95 million a year earlier, according to a bourse filing. Despite the fall in profitability, the company's board proposed the distribution of SR3 per
RIYADH: The Saudi stock market was closed on Tuesday for a public holiday, with oil prices soaring to their highest level since 2014 as Russia-Ukraine tensions intensified. This, along with concerns over supply shortages, drove prices near $100 per barrel. Today, Brent crude slightly eased to $96.8 a barrel, and US benchmark WTI traded at $91.88 a barrel as of 9:22 a.m. Saudi