NMC reports 12.4% increase in 2013 revenue

February 26, 2014 10:04 am

UAE healthcare operator, NMC Health has posted a 12.4% jump in group revenues last year on the back of growth in patient numbers. According to NMC results for the 12 months to December 31, revenues rose to $551m and EBITDA by 16.7% to $93m, as patients numbers grew by 9.5% to 2.1 million. The firm also said its chief executive, Saeed Mohamed Butti Mohamed Al Qebaisi, has stepped down, and will be replaced by Abdulrahman Basaddiq, a former managing partner of Ernst & Young’s Riyadh and Abu Dhabi offices.