Burjeel Holdings records revenue of Dhs3.351bn for FY2021
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Burjeel Holdings records revenue of Dhs3.35bn for FY2021

Burjeel Holdings records revenue of Dhs3.35bn for FY2021

The company’s earnings before interest, taxes, depreciation and amortisation were Dhs779m, and the profit reported was Dhs234m

Gulf Business
Burjeel Holding / Burjeel Medical City

Burjeel Holdings, one of the region’s leading healthcare platforms, announced its financial results for the Full Year (FY) 2021.

For the 12-month period ended December 31 2021, Burjeel reported record financial results reflecting the strength of its diversified portfolio of healthcare assets, specialised services and its strong, connected growth platform.

Revenue in FY 2021 was Dhs3.351bn, representing an 18 per cent compound annual growth rate (CAGR) over the three-year period 2019-2021, whilst earnings before interest, taxes, depreciation, and amortisation (EBITDA) was Dhs779m, representing an EBITDA margin of over 23 per cent and a 37 per cent CAGR between 2019-2021. Profit for the year was Dhs234m.

The record results demonstrate Burjeel’s strong growth trajectory over the past 15 years. Burjeel has a portfolio of 39 hospitals and medical centers across the UAE and Oman, supported by a network of retail pharmacies and other medical services.

Dr Shamsheer Vayalil, CEO and ED of Burjeel Holdings, said: “Burjeel Holdings’ record financial results for 2021 reflect the hard work and dedication of our people in helping to realise our vision to be the leading healthcare services provider in the Middle East and beyond, known for our quality and clinical excellence. Our ‘patient-first’ focus is driven by our teams, who are directly responsible for the enduring power of our healthcare facilities and the successful, diversified businesses that are supporting our core business. The strategy and decisions we have made along the way have enabled us to achieve the levels of success seen in the results.”

He added: “Burjeel Holdings operates 39 hospitals and medical centers across the UAE and Oman which provide healthcare services for all socio-demographics and are built around our commitment to offering highly specialised, complex and personalised services, underpinned by strong innovation and research capabilities. Our ambitions are demonstrated by Burjeel Medical City, our purpose-built state-of-the-art 400-bed tertiary care facility in Mohamed Bin Zayed City, which provides the highest level of care. As we continue along our journey of strengthening Burjeel Holdings as an organisation, we will develop our brand to position ourselves as a platform to attract top talent that can succeed at the highest levels, helping to further develop our company.

“With the establishment of Burjeel Holdings earlier this year and the strong growth seen over the past three years, I am highly confident we have the platform in place to take the strategic corporate actions needed to drive our future growth. Healthcare is a key focus for governments across the Middle East and we look forward to supporting our partners in the UAE and the wider GCC, in helping build and enhance their healthcare services and infrastructure.”

 Burjeel Holdings became the new holding company for the group with effect from March.

Read: UAE’s VPS Healthcare launches Burjeel Holdings to support growth plans

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