International Medical Center
The capital of the IMC is 670.24 million SAR, of which a percentage of 19.9% is owned by Fitaihi Holding Group. Since the opening of the IMC Hospital in 2006, by the honorable Custodian of the Two Holy Mosques, King Abdullah bin Abdul Aziz, its operators are working to achieve its mission of making it a unique form of health care in the region. Year after year, pioneering achievements are added to this vital sector of society. In 2011, the IMC Hospital had the honor of holding the leading position, being the first entity in the Kingdom to join the UN Charter for responsible management practices, and for issuing its first report on social responsibility, ratified by the GRI of the United Nations, with (A) grade. This makes the IMC the first health entity in the Kingdom and in the world, to be awarded such a classification. Thus, the IMC was chosen for the King Khalid Award for Responsible Competitiveness by the Saudi competitiveness index this year. Achieving its message to follow the best international standards of medical treatment, the Hospital has received the approval of the Joint Commission International (JCI) of health services quality in 2008, with the highest success rates in the region. Moreover, the concept of ” healing by design” adopted by the IMC Hospital received the Makkah Award for Excellence in 2011, sponsored by His Royal Highness Prince Khalid Al-Faisal bin Abdul Aziz Al Saud, Governor of Makkah Region. The award for the best hospital design in the Middle East was granted by the World Hospital Build and Infrastructure Conference in 2011, in addition to the award for the best reference laboratories in the Middle East within the Arab Health Congress in 2012, and the award for the best health entity in the Kingdom within the classification of Thompson House for Publication in 2011. On the medical level, the hospital continues to attract world expertise in subspecialties, helping to build centers for excellence at the region level. In 2013, the intermediate and intensive cardiac care unit was opened with a total capacity of ten beds, in addition to the Lithotripsy Unit, equipped with the latest international technologies. Further, the medical imaging and radiology center has been equipped with one of the latest CT-Scan imaging devices in the world, making it a pioneer in the field of modern diagnostic techniques in the Middle East. At the operational level, more than half a million visits have been registered in the outpatient clinics, in addition to 22,000 admission status in 2013, with an increase of over 15% compared with 2012. More than 10,000 surgeries have been performed, including the complex surgical processes in the sub-specialties, such as the cardiology, blood vessels, neurology, spine, and orthopedics, making the IMC a pioneer in such specialties, at the regional level. The IMC 2014 seeks, within its strategic plan, to get a new accreditation from the International Joint Commission and the Australian Council for Quality. It also intends to operate an outpatient complex in the north of Jeddah, and started a study of the Medical Tower Project, including the expansion of the outpatient and admission section. The IMC has witnessed a high growth in its revenues, having a significant impact on improving profitability. The Board of Directors of the IMC, during its AG meeting held on 11 October 2010, based on the achievements of the IMC, as an appreciation of the role played by the Chairman of the Board of Directors, Dr. Walid Ahmed Hassan Fitaihi, since the establishment of the Company, issued a PDF created recommendation that was approved unanimously, that the share of Dr. Walid Ahmed Hassan Fitaihi in the IMC’s capital should be increased to 10%, by transferring 10% of the annual profits (before interests, consumption, amortization and zakat) to Dr. Walid Ahmed Hassan Fitaihi, starting from 2010, periodically until his share reaches the 10% of the capital, and provided that the capital is increased from 638.58 million SAR to 689.93 million SAR gradually, and according to his share in those profits, on an annual basis. By applying such a mechanism, the capital of the IMC was increased, during the fiscal year 2013, from 649.99 million SAR to 670.24 million SAR, so as to increase the share of Dr. Walid Ahmed Hassan Fitaihi in the capital from 3.86% to 6.76 %, representing his share in the profits for 2012. It is also expected to increase the capital during the fiscal year 2014 from 670.24 million SAR to 689.93 million SAR, and thus increasing the share of Dr. Walid Ahmed Hassan Fitaihi in the capital of IMC, i.e. from 6.76% to 9.42%, representing his share in the profits for 2013.
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