السعودية تتوسع في الإنفاق على قطاع الرعاية الصحية
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00:00The health care sector in Saudi Arabia is one of the most important sectors targeted by companies to work in, invest in, and manage companies in the Saudi market
00:13as a result of the extensive spending that the Kingdom is spending on this sector.
00:19Let's take a look at the details of this sector.
00:22The third-largest sector in spending in the Saudi budget for 2024 is 214 billion Riyals.
00:34There are many targets, the most important of which is the program to transform the health sector,
00:39which is included in the Kingdom's vision of 20, 30, and one of its most important targets in 2025
00:47is to increase the percentage of households covered by health services by 88%.
00:54This pushes many companies and even government agencies to expand spending
01:01and expand dealing with the health sector and health care companies.
01:05This affects the performance of the stock market in Saudi Arabia
01:09because, for example, the number of companies listed in the market has reached 8 companies in the health care sector during this period.
01:16The profits of these companies grew over the past year,
01:21as profits rose by more than 28% to reach 4 billion Riyals at the end of the first quarter or at the end of 2023.
01:32As for the performance of the shares and the performance of the health care sector during the current year in the first quarter,
01:39there was a growth of more than 12% in the first quarter of the shares of health care companies and the health care indicator.
01:47Many companies operating in the health sector began to be listed in the Saudi market in the last three years.
01:56One of the last companies to be listed was Jomfarma, which was listed in June of last year,
02:03and its market value reached 9.2 billion Riyals.
02:07In contrast to Nahdi, which was listed in March of 2022,
02:12its current market value is more than 18 billion Riyals.
02:16The pharmaceutical company was also listed in March of 2022 with a market value of almost 8 billion Riyals.
02:24The Saudi market is now waiting for a new listing by a group of jurists in Saudi Arabia.
02:29It will be 21.5% and its profits grew by 15% to record 414 million Riyals.
02:39So the health care sector in Saudi Arabia is one of the most important sectors that is being spent on.
02:46Companies are also working, investing and heading for listing in the Saudi market.