Press releases, Reports & Disclosures for BURJEEL HOLDINGS PLC

Burjeel Holdings PLC has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024. These statements are unaudited.

Burjeel Holdings, a leading healthcare services provider in the MENA region, reported mid-teens revenue growth for the third quarter of 2024, with a 12% increase in patient footfall. The group's revenue reached AED 1.3 billion, supported by strong patient growth and improved patient yield. Despite ongoing investments in oncology, network expansion, and marketing, the group's net profit before taxes also improved. Hospital revenue rose to AED 1.2 billion, driven by a 34% year-over-year increase in the oncology segment, and hospital net profit before taxes increased significantly. Burjeel Holdings continued its strategic growth plan, focusing on expanding in the UAE and entering the Saudi Arabian market, along with enhancing its super-specialty care offerings. Key achievements included launching the UAE's largest fertility center and partnering with the Abu Dhabi Stem Cells Center to advance care for complex medical conditions.

Burjeel Holdings PLC has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024. These statements are unaudited.

Resolution No. 492 of 2024 involves the temporary suspension of trading for BURJEEL HOLDINGS PLC shares on the Abu Dhabi Securities Exchange (ADX). The suspension is due to a Board of Directors meeting scheduled for 14:00 on November 5, 2024, which coincides with the trading session. Trading will be halted from this time until the results of the meeting are received by ADX. The resolution requires all ADX department heads to implement it within their respective areas. Additionally, the resolution will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 30, 2024.

Burjeel Holdings PLC, a prominent healthcare provider in the MENA region, has announced the opening of nine new primary care clinics across Abu Dhabi, Al Ain, and Dubai. This expansion aims to improve access to comprehensive primary care services, supporting the UAE's healthcare strategy focused on preventive care and chronic condition management. The clinics will enhance Burjeel's hub-and-spoke network, expected to handle over 300,000 outpatient visits annually and facilitate cross-group referrals. The new facilities, resulting from a 20 million AED investment, are strategically located to serve diverse communities, including industrial workers and expatriates. Burjeel Holdings, founded in 2007, operates a wide network of healthcare services across the UAE, Oman, and Saudi Arabia.

Burjeel Holdings has expanded its PhysioTherabia network to 28 centers in Saudi Arabia by launching 11 new locations. This expansion makes PhysioTherabia the largest and fastest-growing physiotherapy and wellness network in the country, with centers in cities like Riyadh, Jeddah, Madina, and Dammam. The initiative aligns with Burjeel's strategy to open 60 centers by 2025 and supports Saudi Vision 2030's goals of enhancing healthcare access. PhysioTherabia offers various services, including sports injury rehabilitation and chronic pain management, and has partnered with major insurance providers to increase service accessibility. The expansion is part of a joint venture with Leejam Sports Company and aims to integrate sports and health to promote active lifestyles in Saudi Arabia.

Burjeel Holdings PLC, a healthcare provider in the MENA region, has signed a Memorandum of Understanding with Modon Holding to develop healthcare facilities in Ras El Hekma, Egypt. This collaboration aims to expand access to high-quality healthcare services in the area, which is set to become a significant economic and investment hub. The agreement includes developing multi-specialty healthcare facilities, implementing innovative healthcare solutions, and providing medical training programs to enhance local healthcare professionals' skills. The initiative also focuses on public health and wellness programs to improve community health outcomes. Ras El Hekma is a major development project with investments of USD 35 billion, featuring residential, commercial, and tourist facilities. The collaboration is part of efforts to build integrated services in Ras El Hekma, contributing to economic growth and improving the quality of life for residents and visitors. Burjeel Holdings, founded in 2007, operates a network of healthcare facilities across the UAE, Oman, and Saudi Arabia.