Company: Mouwasat Medical Services Company
Founded in 1975 as a private dispensary in Dammam, Mouwasat Medical Services has grown to operate 10 hospitals across eight cities in Saudi Arabia as of 2024 In H1 2025, it reported $416.2 million in revenues and a net profit of $106.5 million, a 19% year-over-year increase. At the Global Health Exhibition in October 2024, Mouwasat signed $40 million in contracts with global firms including Philips International, Siemens International, General Electric, and Al Faisaliah Medical Systems to equip its upcoming hospitals in Jeddah and Yanbu.