Maharah subsidiary receives financial statements of Saudi Medical System

Logo of Maharah Human Resources Co.

Maharah Human Resources Co. announced that its investment arm, Growth Avenue Investment Co., a wholly owned subsidiary of Maharah, which holds a 40% stake in its associate, Saudi Medical Systems Co. received, on Oct. 10, the audited financial statements for 2024.

The subsidiary also received the unaudited preliminary financial statements for Q1 and Q2 2025, according to a Tadawul statement.

Saudi Medical Systems Financial Results (SAR mln)

* Unaudited

Maharah’s share of the associate’s results will be recognized and included in its consolidated financial statements for Q3 2025 using the equity method, in line with applicable presentation and disclosure requirements, the statement said.

This may result in the restatement of certain prior periods if required by the accounting standards.

The financial impact and any additional details will be disclosed upon the announcement of the Q3 2025 results.