Financial Reports
As on December 31, 2023
Financial Summary 2023
Revenue
333,277,992 SR
Net Loss
(216,065,594) SR
Revenue
Medical Investment, 313,192,839 SR
Industrial Investment, 20,085,153 SR
Profit from the activity
Medical Investment, (213,600,147) SR
Industrial Investment, 1,413,328 SR
General Investments (3,878,775) SR
Assets
Liabilities and Shareholder Equity
2023 Milestones
Restructuring the Financing sources of subsidiaries, which makes it easier for the company to benefit from operating cash-flows.
Completing the Capital Increase File and submitting it to the Authority for the amount of SR. 200 million, representing 24.8% of the Company’s Capital. The file was submitted on 21/12/2023 to the Capital Market Authority(CMA).
Future Plans
On February 26, 2024, the Company announced the Signing of a Non-binding Memorandum of Understanding with Dallah Healthcare Company to sell its share in Al-Ahsa Medical Services Company and Al-Salam Medical Services Company in exchange for shares in Dallah Healthcare Company or whatever will be agreed upon, and the Company is still in the process of finalizing legal and financial procedures and meeting the requirements of relevant authorities.
Future Expectations
During the year 2024, the company expects to obtain the approval of the competent Authorities to increase the capital and, complete the procedures for the non-binding memorandum of understanding with Dallah Healthcare Company.
The company expects the increase in revenues with the increase in operating-rates at Al Salam Hospital.
Future Expectations
During the year 2024 and before the publication of the annual report, the Company announced the signing of a Non-binding Memorandum of Understanding with Dallah Healthcare Company to sell the company’s shares in Al-Ahsa Medical Services Company, which owns Al-Ahsa Hospital in Al-Ahsa (amounting to 97.41%), and Al-Salam Medical Services Company, which owns Al-Salam Hospital in Al-Khobar (100%); by exchanging shares or as agreed upon between the parties.
During the year 2023, negotiations were held between the Management of the WARAQ Company and the Saudi Investment Recycling Company-SIRC (owned by the Public Investment Fund) with the aim of acquiring 35% of the capital of the WARAQ Company by purchasing 10% of the Company’s current shareholders, as well as issuing 25% new shares to increase the company's capital.
For more information
You can download 2023 Board Director Report
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Ayyan Investment Company is a Saudi joint–stock company with a Capital of SAR 1,006,363,280, established in 1993; to Invest, Establish & Own Industrial & Service-oriented Projects and Invest in Land & Real-estate Sectors.