SR.No: 55
Dr. Sulaiman Al Habib Medical Services Group
Sector: Healthcare
Date of Establishment: 1995
Country: SaudiĀ Arabia
Group CEO: Nasser Al Haqbani
Sales: $1.6 billion
Profits: $276 million
Assets: $2.5 billion
Market Value: $14.1 billion
The Dr. Sulaiman Al Habib Medical Services Group has 23 healthcare facilities and hospitals serving more than three million patients across Saudi Arabia, the U.A.E., and Bahrain. In March 2020, the group raised $700 million by issuing 52.5 million shares through an IPO. The group operated critical ICU facilities to treat COVID-19 patients and rolled out PCR testing facilities in Saudi Arabia. It announced the establishment of a new maternity and pediatric hospital in 2020, as well as a new hospital project in the Al-Kharj Governorate. It is currently developing a private medical city in Saudi Arabia.