Burjeel records Dhs355m net profit - GulfToday

Burjeel records Dhs355m net profit


Photo used for illustrative purpose.

Burjeel Holdings, a leading Healthcare Services Provider in the UAE and Mena listed on the Abu Dhabi Securities Exchange, reported net profit of Dhs355 million, up 52% from the prior year, demonstrating the Group’s ability to deliver on its yield enhancement strategy.

This came as the Group announced its preliminary financial results for the twelve-month and three-month period ended 31 December 2022.According to the announcement, the group secured a revenue of Dhs3.92 billion, up 17% YoY, driven by 125% growth.

Dr Shamsheer Vayalil, Chairman of Burjeel Holdings, commented: “Our full year results are a testament to the dedication of our people and their commitment to our vision of ensuring quality healthcare across UAE and Oman. 2022 was a milestone year for Burjeel Holdings, having welcomed new shareholders through our listing on ADX and expanded our offering, particularly in the provision of highly specialised and complex care in our core markets.

This momentum continued in 2023, with the announcement of our joint venture with Leejam Sports to jointly establish and operate a network of physiotherapy, rehabilitation and wellness centers in Leejam clubs across KSA. With record earnings and a robust balance sheet in place following our IPO, the Group is well positioned to accelerate growth, by deepening expertise in complex care, driving expansion into new markets and elevating utilization and patient yield.”

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