Saudi German Health achieves remarkable increase in Q1 2023 profit

Saudi German Health achieves remarkable increase in Q1 2023 profit

Saudi German Health (SGH), one of the largest healthcare groups in the MENA region, kicked off the year with outstanding performance, achieving a net profit of SAR 50 million in the first quarter, representing a remarkable 145% growth compared to Q1 2022. The impressive results, surpassing peers ‘performance, showcase the extensive work made by the team over the past 12 to 18 months to enhance and improve the group's operations while expanding the network's capacity to capitalize on the pent-up demand in the Kingdom.

SGH generated total revenues of SAR 628 million in Q1 2023, the highest the group has ever achieved in a single quarter. The solid performance was driven by notable improvements across SGH's entire network of medical facilities on increased census and optimized case mix. On a group level, the group served a total of 21,000 inpatients and 495,000 outpatients in Q1 2023.

Additionally, the group significantly expanded its footprint, solidifying its market positioning as the kingdom's most geographically diversified healthcare player. Over the past 12 months, SGH added four new medical facilities to its network, including a clinic complex in Abha, a specialized hospital in Hai Al Jamea in Jeddah, a 300-bed tertiary hospital in Makkah, and a