(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 on March 18 showed that healthcare companies dominated the top of the list, with Middle East Healthcare Co. (MEHC), owner and operator of the Saudi German Hospital brand, trading at 1,417 percent above its three-month average, according to a review of the rankings.
A net profit after Zakat and tax of SR101 million (USD26.93 million) for last year, a year-on-year improvement of 4 percent was announced by MEHC. As the figure of outpatients declined from 1.25 million in 2019 to 1.17 million in 2020, the number of inpatients improved from 57,000 in 2019 to over 70,400, an annual boost of 23.5 percent.
As part of its growth plan, MEHC aims to push ahead with extensions to its hospitals in Makkah and Riyadh that are estimated to be settled in the last three month of the current year.
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