ABU DHABI ∙ Burjeel Holdings, a leading healthcare provider in the Middle East, has announced its financial results for 2022. It recorded a huge jump in revenue and net profit and a significant reduction in liabilities. The financial result shows that the company is in a very strong financial position.
The group’s net profit was AED 355 million, an increase of 52% over the previous year. The total revenue by 2022 will be AED 3.92 billion with a growth of 17%. Burjeel Medical City, the largest hospital under Burjeel Holdings, recorded a growth of 125%. A stable EBITDA margin of 22% also highlights the company’s continued growth potential. There was a 15% increase in the number of patients coming to the hospital. Outpatient visits totaled 5.4 million.
Burjeel Holdings, Founder and Chairman Dr. Shamsheer said in the field. John Sunil, CEO, Burjeel Holdings, said: “We are very pleased with the group’s performance in 2022 and the ability to build a solid financial base.
Hospitals, Medical Centres, Central Laboratory etc. all sectors under Burjeel Holdings have shown good growth in every quarter of the year. The group aims to pay cash dividends to investors from this year onwards.
