Shares of Mouwasat hit lifetime high

A hospital of Mouwasat Medical Services Co.

Shares of Mouwasat Medical Services Co. hit their highest level since listing at SAR 220, today, March 22.

The stock gained 7% to close at SAR 220, recording the highest close since listing. Nearly 164,800 shares exchanged hands.

Established in 1974, the company started as a sole proprietorship with SAR 100 million capital, to manage and operate medical facilities through setting up Mouwasat Clinic in Dammam in 1975.

The first comprehensive medical facility was established under the name, “Mouwasat Hospital”, in Dammam in 1984, with operations starting in 1988.

On Sept. 2, 2009, Mouwasat was listed on the Saudi Stock Exchange (Tadawul) at SAR 44 (before adjustment) or SAR 11 (after adjustment).

 The following table shows the most important financial indicators of the company:

The company increased its capital twice through bonus shares in 2012 and 2018 to reach the current capital of SAR 1 billion.