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Burjeel Holdings Kept at Buy as FAB Notes 'Resilient' Q2 Operating Performance
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10:59 AM EDT, 08/14/2026 (MT Newswires) -- FAB Securities retained its buy rating on Burjeel Holdings (ADX:BURJEEL), with a price target of 1.70 Emirati dirhams, after the United Arab Emirates-based healthcare company's second-quarter earnings report. The company's net profit attributable to shareholders declined 3.9% on an annual basis to 142 million dirhams, weighed down by one-off charges, but came in higher than FAB's estimate, according to a Friday note. "Burjeel delivered a resilient operating performance in 2Q26 despite a challenging regional backdrop, with reported revenue increasing 3.7% YOY to AED 1.5 Bn in 2Q26. Excluding the [Unified Procurement Program] impact, normalized revenue grew 8.6% YOY in 2Q26, reflecting continued strength in the Company's underlying operations," analysts said. "Patient volumes remained a key growth driver, increasing 9.9% YOY to more than 3.7 Mn in 1H26, with growth accelerating to 12.4% YOY in 2Q26, supported by the recovery in elective and high-acuity procedures, higher outpatient activity, and stronger inpatient demand."
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