Shares of Mouwasat hit lifetime high

Mouwasat Medical Services hospital

Shares of Mouwasat Medical Services Co. hit their highest levels since listing at SAR 209.40, today, Aug. 10.

The stock gained 3% to close at SAR 205, recording the highest closing since listing. Nearly 156,000 shares exchanged hands. 

Accordingly, the stock gained 1,470%, since its listing on Sept. 2, 2009, when it closed at SAR 13.06.

Established in 1974, the company started as 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 shares were listed on the Saudi market at a price of 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 a current capital of SAR 1 billion.