Healthy Returns

Healthy Returns

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  • Renowned Saudi doctor Sulaiman Al Habib is poised to reclaim his position among the Middle East's wealthiest individuals, with his healthcare firm's shares witnessing a remarkable 30% surge since reaching a one-year low in October. Al Habib, holding a substantial 40% stake in his eponymous company, now ranks as the region's third-richest person outside royal families, according to the Bloomberg Billionaires Index. The stock's sixfold rise since its 2020 IPO brings it close to a record high, outpacing the benchmark Tadawul index, which doubled during the same period.
  • In his early 70s, Al Habib transformed the $28 billion healthcare chain from a single clinic established in 1993 into a prominent entity operating 22 medical facilities and 22 pharmacies across Saudi Arabia, the UAE, and Bahrain. With 10 hospitals and medical centers in development, Al Habib's visionary leadership has been instrumental in the company's growth. Additionally, he diversifies his investments in commercial real estate through a holding company, as outlined in Dr. Sulaiman Al Habib Medical Services Group Co.'s IPO prospectus.

Why it matters

Al Habib's contributions to the healthcare sector rival some of the largest health-related empires globally, placing him in league with other industry leaders who have amassed fortunes exceeding $10 billion.


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