Managing Director Khalid Al Saleem, as he expects the company to maintain balanced growth in Q3, supported by strong healthcare demand, improving performance at Yanbu Hospital, and continued operational efficiency initiatives.
Mouwasat Medical Services Co. remains optimistic about its third-quarter performance, expecting to maintain the balanced momentum recorded in the first and second quarters, Managing Director Khalid Al Saleem, told Argaam. 
The continued demand for healthcare services, improved operating performance at Yanbu Hospital, and ongoing efforts to enhance operational efficiency and improve revenue quality are expected to support the company’s performance in the coming period, said Al Saleem.
“Mouwasat continues to execute its expansion and operational strategy to achieve sustainable growth and enhance shareholder value, in line with the objectives of Saudi Vision 2030.”
Commenting on Q2 2026 financial results, Al Saleem said the company reported a 13.1% increase year-on-year (YoY) in net profit during the second quarter, driven by several operational factors, most notably continued revenue growth, the initial contribution from Yanbu Hospital, improved inpatient occupancy rates, and higher outpatient volumes.
Further, improved contractual terms with certain customers and more efficient utilization of resources also supported the company’s financial performance, Al Saleem added, indicating that Mouwasat continued to enhance its operational efficiency.
The company’s revenue increased 10.1% in the second quarter, supported by a combination of factors, including the commencement of operations at Yanbu Hospital, higher inpatient occupancy, increased service volumes, and continued growth in outpatient clinics.
Additionally, updates to certain contractual terms with a number of customers helped improve returns on services provided, reflecting the success of the company’s strategy to achieve balanced growth by combining operational expansion with higher-quality revenue.
Yanbu Hospital shows gradual improvement
Yanbu Hospital delivered gradually improving performance during the second quarter compared with its initial operating phase, both in terms of patient volumes and inpatient services.
The hospital’s positive contribution to the company’s revenue has begun to emerge as it continues expanding outpatient and inpatient services while recruiting additional medical professionals.
The pace at which the hospital reaches its targeted operating levels will depend on demand growth in the region, the completion of additional medical specialties, and the expansion of contracting arrangements with insurance companies and other entities.
Al Saleem expects Yanbu Hospital to continue improving its operating metrics gradually over the coming periods until it reaches the targeted operating levels under the approved business plan.
Rising demand for inpatient and outpatient services
The group’s hospitals recorded higher bed occupancy rates during the second quarter compared with the same period last year, supported by stronger demand for inpatient services.
The company continued to report growth in outpatient visits across its hospitals, reflecting sustained demand for Mouwasat’s healthcare services and the confidence of its customers.
Demand for healthcare services in Saudi Arabia remains strong, supported by population growth, rising health awareness, and government initiatives aimed at developing the healthcare sector and expanding the health insurance system.
These factors were positively reflected in the company’s operating performance through higher patient volumes and improved utilization of available hospital capacity.
Contract review supports revenue quality
Commenting on the impact of improved contractual terms, Al Saleem said the improvement resulted from several factors, including updates to certain contract terms to better reflect the nature of the services provided, improvements in the service and customer mix, and more efficient contract management with a number of counterparties.
The company continuously reviews its contracts to strike a balance between delivering high-quality healthcare services and generating sustainable returns, he noted.
Al Saleem expects the positive impact of improved contractual terms to continue over the coming periods, depending on market conditions and contract renewal schedules.
Insured patients continue to account for the largest share
The company’s customer base remains well balanced, with insured patients continuing to account for the largest share of revenue as the primary segment in the private healthcare market.
The company further continues to serve cash-paying patients and government entities as part of its strategy to diversify revenue sources. No material changes in the patient mix were recorded during the second quarter that would affect its business model.
Managing Director Khalid Al Saleem, as he expects the company to maintain balanced growth in Q3, supported by strong healthcare demand, improving performance at Yanbu Hospital, and continued operational efficiency initiatives.
Mouwasat Medical Services Co. remains optimistic about its third-quarter performance, expecting to maintain the balanced momentum recorded in the first and second quarters, Managing Director Khalid Al Saleem, told Argaam.
The continued demand for healthcare services, improved operating performance at Yanbu Hospital, and ongoing efforts to enhance operational efficiency and improve revenue quality are expected to support the company’s performance in the coming period, said Al Saleem.
“Mouwasat continues to execute its expansion and operational strategy to achieve sustainable growth and enhance shareholder value, in line with the objectives of Saudi Vision 2030.”
Commenting on Q2 2026 financial results, Al Saleem said the company reported a 13.1% increase year-on-year (YoY) in net profit during the second quarter, driven by several operational factors, most notably continued revenue growth, the initial contribution from Yanbu Hospital, improved inpatient occupancy rates, and higher outpatient volumes.
Further, improved contractual terms with certain customers and more efficient utilization of resources also supported the company’s financial performance, Al Saleem added, indicating that Mouwasat continued to enhance its operational efficiency.
The company’s revenue increased 10.1% in the second quarter, supported by a combination of factors, including the commencement of operations at Yanbu Hospital, higher inpatient occupancy, increased service volumes, and continued growth in outpatient clinics.
Additionally, updates to certain contractual terms with a number of customers helped improve returns on services provided, reflecting the success of the company’s strategy to achieve balanced growth by combining operational expansion with higher-quality revenue.
Yanbu Hospital shows gradual improvement
Yanbu Hospital delivered gradually improving performance during the second quarter compared with its initial operating phase, both in terms of patient volumes and inpatient services.
The hospital’s positive contribution to the company’s revenue has begun to emerge as it continues expanding outpatient and inpatient services while recruiting additional medical professionals.
The pace at which the hospital reaches its targeted operating levels will depend on demand growth in the region, the completion of additional medical specialties, and the expansion of contracting arrangements with insurance companies and other entities.
Al Saleem expects Yanbu Hospital to continue improving its operating metrics gradually over the coming periods until it reaches the targeted operating levels under the approved business plan.
Rising demand for inpatient and outpatient services
The group’s hospitals recorded higher bed occupancy rates during the second quarter compared with the same period last year, supported by stronger demand for inpatient services.
The company continued to report growth in outpatient visits across its hospitals, reflecting sustained demand for Mouwasat’s healthcare services and the confidence of its customers.
Demand for healthcare services in Saudi Arabia remains strong, supported by population growth, rising health awareness, and government initiatives aimed at developing the healthcare sector and expanding the health insurance system.
These factors were positively reflected in the company’s operating performance through higher patient volumes and improved utilization of available hospital capacity.
Contract review supports revenue quality
Commenting on the impact of improved contractual terms, Al Saleem said the improvement resulted from several factors, including updates to certain contract terms to better reflect the nature of the services provided, improvements in the service and customer mix, and more efficient contract management with a number of counterparties.
The company continuously reviews its contracts to strike a balance between delivering high-quality healthcare services and generating sustainable returns, he noted.
Al Saleem expects the positive impact of improved contractual terms to continue over the coming periods, depending on market conditions and contract renewal schedules.
Insured patients continue to account for the largest share
The company’s customer base remains well balanced, with insured patients continuing to account for the largest share of revenue as the primary segment in the private healthcare market.
The company further continues to serve cash-paying patients and government entities as part of its strategy to diversify revenue sources. No material changes in the patient mix were recorded during the second quarter that would affect its business model.
