Tibbiyah posts 14% drop in profit

Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21 million in 2021.

The company said the drop in profit was caused by a decline in sales.

Despite the fall in profitability, the company’s board proposed the distribution of SR3 per share in dividends for 2021.

In a recent move, the firm entered into a deal to acquire a majority stake in Innovative Care Co., owner of the Riyadh based medical center known as ‘New You’.