BURJEEL HOLDINGS PLC

Logotype for BURJEEL HOLDINGS PLC
Ticker/ISIN
BURJEEL
AEE01119B224
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

About BURJEEL HOLDINGS PLC

The Group is one of the leading regional private healthcare service providers in the UAE and Oman, operating as an integrated network across primary, secondary, tertiary and quaternary medical care services. The Group provides a comprehensive healthcare ecosystem to patients across the full socio-economic spectrum through its four key market leading brands, Burjeel, Medeor, LLH and Lifecare, and its fully-funded network of 16 hospitals, 23 medical centres (including polyclinics and specialty medical centres with dental, cosmetic, homecare services, a specialised orthopaedics centre and IVF centres) and 15 pharmacies, as well as seven entities conducting allied services such as central procurement (e.g., GPO), revenue cycle management, centralised diagnostics, central warehousing and patient valet parking services. Leveraging its clinical expertise and strengths in research and development, the Group will also provide medical education and research through its College of Medicine at BMC, beginning in 2023. The Group is a leading healthcare provider in the UAE private market, with an in-patient market share of approximately 17 per cent. and an out-patient market share of approximately 12 per cent. and a total in-patient admission bed capacity of 1,294 beds as at 30 June 2022. The Group treated 105 thousand in-patients and 4.8 million out-patients in 2021 across its network, with comprehensive service offerings for oncology, women and child, orthopaedics and spine, cardiac science and bariatrics. BMC is also the only European Society for Medical Oncology-accredited cancer centre in the UAE and the largest private hospital in the UAE. The quality of the Group’s portfolio of medical facilities is evidenced by its operating 12 hospitals with JCI accreditations, three hospitals with ISOC 9001:2015 certifications and eight labs with ISO 15189:2012 certifications.

Latest Pressrelease Summaries from 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.
Axiom Space and Burjeel Holdings have signed a Memorandum of Understanding to conduct scientific research and test new technologies in space, focusing on how the human body reacts in microgravity. The collaboration aims to expand access to microgravity for medical advancements. The announcement was made at a signing ceremony in New York, attended by key executives from both organizations. As their first initiative, they plan to send a suite of medical capabilities to space, which will be used by Axiom Space astronauts during their training and the upcoming Axiom Mission 4 (Ax-4). This research will study the effects of microgravity on biomarkers, drug substance quality, and remote health services. The partnership is intended to benefit medical innovation and patient outcomes globally, aligning with the UAE's vision for space exploration.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC General Press Release

Axiom Space and Burjeel Holdings have signed a Memorandum of Understanding to conduct scientific research and test new technologies in space, focusing on how the human body reacts in microgravity. The collaboration aims to expand access to microgravity for medical advancements. The announcement was made at a signing ceremony in New York, attended by key executives from both organizations. As their first initiative, they plan to send a suite of medical capabilities to space, which will be used by Axiom Space astronauts during their training and the upcoming Axiom Mission 4 (Ax-4). This research will study the effects of microgravity on biomarkers, drug substance quality, and remote health services. The partnership is intended to benefit medical innovation and patient outcomes globally, aligning with the UAE's vision for space exploration.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC General Press Release

Burjeel Holdings PLC, a leading healthcare provider in the MENA region, has announced plans to expand its women and children healthcare services by launching IVF services. This expansion will be integrated into their existing comprehensive portfolio, which includes advanced gynecology, fetal medicine, and pediatric subspecialties. The Trust Fertility Clinic, part of Burjeel Medical City, will be the largest fertility center in the UAE, offering advanced personalized fertility care and cutting-edge technologies such as AI-driven embryo selection. The clinic will be led by Dr. Walid Sayed, an expert in reproductive endocrinology and infertility. This initiative aims to provide a seamless journey for women from conception to delivery, ensuring high standards of care for both maternal and newborn health. The expansion reflects Burjeel's commitment to meeting the growing demand for fertility services in the region and providing world-class, personalized care.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC General Press Release

Abu Dhabi Stem Cells Center (ADSCC) and Burjeel Holdings PLC have formed a strategic partnership to expand bone marrow transplant and cellular therapy services at Burjeel Medical City (BMC). This collaboration aims to enhance access to advanced care for patients with blood cancer, genetic diseases, autoimmune diseases, and other conditions, establishing Abu Dhabi as a global healthcare destination. ADSCC will extend its proprietary Abu Dhabi Bone Marrow Transplant Program (AD-BMT©) to BMC, which is accredited by the Department of Health - Abu Dhabi and recognized by the Foundation for the Accreditation of Cellular Therapy (FACT). ADSCC has achieved significant milestones in bone marrow transplantation and CAR-T Cell Therapy since 2020. The Burjeel Cancer Institute (BCI) at BMC has also pioneered bone marrow transplants, including the UAE’s first pediatric BMT in 2022. The partnership aims to create an integrated ecosystem for advanced research, cellular therapy, and regenerative medicine, benefiting new and existing patients. Both institutions are committed to setting new benchmarks in patient outcomes and medical excellence.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC General Press Release

Burjeel Holdings PLC, a leading healthcare services provider in the MENA region listed on the Abu Dhabi Securities Exchange, has been included in the FTSE Global Equity Index Series - Middle East & Africa following the latest semi-annual review. The changes will be effective after market close on September 20, 2024, and will be reflected from September 23, 2024. Burjeel's inclusion in several FTSE indices highlights its importance in the UAE capital markets and is expected to enhance investor confidence and visibility among global institutional investors. The FTSE Global Equity Index Series includes over 19,000 securities across 49 markets globally. Founded in 2007, Burjeel operates 89 assets across the UAE, Oman, and Saudi Arabia, including hospitals, medical centers, pharmacies, and other services.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC General Press Release

Burjeel Holdings PLC, a leading healthcare services provider in MENA, has received a provisional "AAA" ESG rating from MSCI, placing it among the top 6% of global healthcare leaders in environmental, social, and governance performance. This rating highlights Burjeel’s effective management of ESG-related risks and opportunities, including reducing environmental impact, ensuring safety and quality in healthcare services, strong labor management, and robust privacy and data protection measures. The recognition aligns with the UAE's vision for sustainable socioeconomic development. Burjeel's new long-term ESG strategy focuses on promoting well-being, sustainability, and carbon neutrality by 2040. The Group has already achieved significant milestones, including awards for diversity, inclusion, and sustainable practices.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC Board Meeting Results held on 07/08/2024 at 17:00

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC Management Discussion and Analysis Report for the Period Ended June 30,2024

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Abu Dhabi Stock Exchange News

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC Financial Results for the Period Ended June 30,2024

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC Press Release on the Financial Results for the Period Ended June 30,2024

Burjeel Holdings PLC, a leading super-specialty healthcare services provider in the MENA region listed on the Abu Dhabi Securities Exchange, reported double-digit revenue growth for the first half of 2024. The Group's revenue increased by 10% to AED 2.4 billion, driven by a 6% rise in patient footfall and improvements in patient yield. Burjeel Medical Center (BMC) saw a 21% growth in top-line revenue, with patient footfall reaching 3.1 million in H1'24 and accelerating to 11% in Q2'24. BMC's EBITDA rose by 41% to AED 93 million, while the hospitals' EBITDA grew by 9% to AED 464 million, reflecting strong growth in oncology and other advanced specialty services. The hospitals' net profit improved by 24% to AED 253 million due to growth asset ramp-up and cost optimization. Burjeel Holdings also launched IMed Technologies to create AI-based health tech solutions, aiming to enhance patient care, provider satisfaction, and financial performance.

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News Update From BURJEEL HOLDINGS PLC

Disclosures: BURJEEL HOLDINGS PLC Announcement of Board Meeting to be held on 07/08/2024 at 17:00

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