Al -Jazeera Capital Company recommended an increase in investment centers in the shares of the National Medical Care Company listed in the main Saudi market “Tadawul”, specifying the target price for the stock at 188 riyals, in light of the strong operational performance and strategic expansions that strengthened the company’s position in the health sector.
“Care” recorded a net profit of 79.9 million Saudi riyals during the second quarter of 2025, achieving 15% growth compared to the same quarter last year.
The results were compatible with Al -Jazeera Capital’s expectations, which reflects stability in financial performance despite some operational pressures.
Excluding the impact of the unlike zakat customer in the second quarter of 2024, the company has achieved an annual growth in net profit by 42%, driven by improved operational efficiency and increasing the capacity by 16%, which reflects the success of the expansion plans implemented by the company.
Strategic expansions that enhance revenue
The quarterly revenues increased to 398 million Saudi riyals, which is the highest quarterly level in the company’s history, with an annual increase of 34%, supported by specific expansion operations that included acquisition of Al Salam Hospital and the launch of the “Rilep” mental health center, as well as the renewal of Al -Rawabi Hospital.
The operational indicators also recorded remarkable growth, as the number of hypnosis patients increased by 53%, outpatient visits by 44%, and surgeries by 43%, while occupancy rates increased to 80.7%, which reflects the increased demand for company services and improves the quality of health care provided.
National Medical Care Company
Coherent financial performance despite the high expenses
The total profit for the second quarter reached 147.5 million Saudi riyals, with an annual increase of 36.4%, while maintaining the margin of a strong profit for 37.1%, which reflects the company’s ability to manage costs efficiently despite the high salaries and incentives by 25%.
Despite the increase in allocations to 11 million riyals, the administration indicated that this increase comes in the context of the strong growth of revenues, which reflects a precautionary approach that supports the sustainability of financial performance in the long term.
A promising future look
Al -Jazeera Capital expects that the sponsorship of an annual net profit worth 282 million Saudi riyals during 2025, with profit distributions of 2.1 Saudi riyals per share, with a distribution returns of 1.3%, and enhances the decrease in the rate of loans to the rights of shareholders from the company’s ability to implement more expansion until 2028, within a sustainable growth strategy.
Based on these indicators, “Al -Jazeera Capital” confirms its recommendation to “increase centers” in a “care” arrow, driven by confidence in operating and financial performance, and a targeted price that reflects the true value of the share in the market.
