March 29, 2018

Al Hammadi Company for Development and Investment announces the annual financial results for the period ending on 31-12-2017

ELEMENT CURRENT YEAR PREVIOUS YEAR % CHANGE
Net profit (loss) 107.96 72.96 47.97
Earning or loss per share, Riyals 0.9 0.61
Gross profit (loss) 258.95 242.13 6.95
Operational profit (loss) 142.58 103 38.43
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT EXPLAINATION
Reasons of annual financial results The increase in the net income, operating income, and net income in the current year compared to the last year is attributable to the increase in revenue by 17% as a result of the increase in the number of outpatient and inpatient in addition to optimize the contractual terms with some clients. In addition to that, in Q4 last year the company has provided an extra SAR 18.5 as doubtful debt provision which caused an additional decrease in the net and operating income. It is worth mentioning that Al Hammadi Hospital Olaya branch was closed during the year from 7 Feb 2016 to 7 Aug 2016 because of the fire incident.
Reclassifications in annual financial results Certain figures of the previous year have been restated and reclassified to conform to the presentation for the current year presentation as per IFRS. For more information, refer to note (3) First-time adoption of IFRS of Condensed Interim Consolidated Financial Statements for the year ended 31-12-2017.
Other notes 1- The current year revenue is SR 708.6 million compared to SR 606.2 million in the previous year with increase of 17%. 2- The other comprehensive income of the current year is SR 107.4 million compared to SR 71.8 million previous year with increase of 50%. 3- Total shareholders equity as at the end of the current year is SR 1,387 million compared to SR 1,370 million as at the end of the previous year with increase of 1%. Please note that there is no minority interest (non-controlling interest).

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.