The Company was established in 1418 AH (1997G) with a capital of SR. 150 million. The activity of Al-Ahsa Medical Services Company is the establishment, management, operation and maintenance of hospitals, dispensaries, medical centers, and wholesale and retail trade in medical devices and equipment, hospital supplies, perfumes and cosmetics.
Al-Ahsa Hospital is a private hospital with an advanced design that has the potential for future expansion, taking into account healthcare trends in the region and the increasing demand for high-quality services. It is located on a total area of 50,000 square meters. The hospital building consists of five floors and a basement with a capacity 220 beds. The hospital includes several departments, namely surgery, internal medicine, obstetrics, gynecology, pediatrics, neonatology, a heart unit, cardiac catheterization, and dialysis, in addition to a dermatology and cosmetology center.
It is worth noting that Al-Ahsa Medical Services Company’s revenues during the year amounted to SR. 263 million. In addition to what was mentioned above, Ayyan Investment Company owns a controlling stake representing 96.37% of the company’s capital, and later in the year 2024 it became 97.41% after purchasing part of the minority shares in Al-Ahsa Medical Services Company.
The Company was established in the year 1436 AH (2015G) with a capital of SR. 200 million. Its activities are in the management and operation of Al Salam Hospital in the city of Al Khobar. Al Salam Hospital was opened in October 2022 G. It is one of the most modern hospitals in the Eastern Province and extends over a total area of 100,000 square meters, having 14 floors, and with a capacity of 495 beds. Within the first phase, 150 beds were operated and will be increased future, according to operating rates. It includes 110 clinics that include experienced consultants and specialists and emergency medical services around the clock.
It includes 12 departments covering most medical sectors, supported by more than 6 specialized centers that provide various additional services. Including but not limited to; Physical therapy, the Obesity center, the IVF unit, and the Dermatology and Plastic surgery center. During the year, a wide network of medical insurance companies and a group of major companies were contracted to provide therapeutic services to their employees. It is worth noting that Al Salam Medical Services Company’s revenues during the year amounted to SAR. 50.2 million, and Ayyan Investment Company owns 100% of the Company’s capital.
The Company’s capital is SR. 40 million; its activities are represented in medical marketing activities for treatment abroad, primary health centers, a general medical complex, medical operation of private and government hospitals, and other activities related to hospital activities. Ayyan Investment Company owns an influential share representing 25% of the Capital of the Twareat Medical Care Company.
The Company was established in 1416 AH (1995G) with a Capital of SR. 20 million. The Company’s activities are in the production of dates and their transformational derivatives and the establishment of cold stores and leasing them to others. Ayyan Investment Company owns 100% of the Company’s capital.
TAQA Company was established in 2003 G as a closed joint-stock company with a Capital of SR. 7.1 billion. It includes several subsidiaries, its activities are mainly summarized in carrying out industries and services related to the petroleum, mineral, petrochemical, electrical, and water desalination industries directly or through the establishment of specialized subsidiary companies. Ayyan Investment Company’s share is 0.95% of the TAQA Company’s Capital. The TAQA Company continued its work, and SR. 2 million were recorded as dividends received from the TAQA.
WARAQ Company was established in 1416 AH (1995G) as a closed joint-stock company with a capital of SR. 450 million. The company is active in the production of paper and cardboard rolls, marketing of paper products, wholesale and retail trade in materials, tools, equipment and devices for the paper industry and commercial services, and wholesale and retail trade in paper, cardboard, plastic and rubber. Ayyan Investment Company’s share is 4.74% of the Company’s capital, and during the year 2023 G, no dividends were distributed.
It is worth noting that during the year 2023, negotiations took place between the management of the WARAQ Company and the Saudi Investment Recycling Company-SIRC (owned by the Public Investment Fund-PIF) with the aim of SIRC acquiring 35% of WARAQ’s capital. This is done by purchasing 10% of the Company’s current shareholders, as well as issuing 25% new shares to increase the company’s capital.
Ibn Rushd was established in 1993 with a capital of 2 billion riyals. The company’s complex is located in Yanbu and consists of three main sections. Each section represents a self-contained factory, bearing in mind that the three sections are complementary to each other. The investment is evaluated annually in accordance with International Accounting Standard No. 9. Ayyan’s share is 0.42% of the company’s capital.
The AHSANA Company’s activities are in the establishment, operation and management of tourism projects and entertainment centers, and the establishment and operation of restaurants, hotels, rest-houses and botanical gardens. The investment is evaluated annually to comply with international accounting standards. Ayyan Investment Company’s share is 7.5% of Company’s capital; and no dividends were received during the year 2023.
The TALEEM’s activity is investing in educational projects, as it invests in developing one of the Amity School buildings in Dubai. On 30/06/2023 Ayyan exited from the investment and was excluded from the Company’s investments at a value of SR. 19.2 million, and prove the profits of the exclusion.
The Real Estate investment in a group of lands in the city of Riyadh has a Net Value of SR. 121.34 million, after excluding impairment provisions.
The Company has an investment in money markets worth SR. 47.5 million, which is invested as Murabaha deposits, and profits worth SR. 3 million have been proven.