Al-Modawat updates expansion strategy on medical complexes

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co.’s board of directors decided to focus on the integrated hospital model and exit from small medical complex projects.

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This decision follows an exploratory phase that demonstrated the limited viability of the small complex model compared to the superior efficiency and performance of the integrated hospital model.

In a statement to Tadawul, the company said that the move followed the strong performance and positive results recently achieved by the company, which included a 48% increase in revenues and a 227% increase in net profit for the first half of 2025.

The step comes as part of the company’s efforts to strengthen its position as a leading provider of high-quality healthcare services and reaffirms its commitment to directing resources toward projects with higher returns and greater long-term sustainability, the statement added.

According to data available on Argaam, Al-Modawat’s net profit grew to SAR 10.3 million by H1 2025-end, compared to profit of SAR 3.2 million in H1 2024.