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FAB Reiterates Buy Rating on Burjeel Holdings After Q3 Results
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11:33 AM EST, 11/12/2026 (MT Newswires) -- FAB Securities maintained Burjeel Holdings' (ADX:BURJEEL) buy rating, with a price target of 1.70 Emirati dirhams, following the United Arab Emirates-based healthcare company's third-quarter earnings report. "The Company continues to strengthen the affordable healthcare platform by bringing community-based hospitals, medical centers and clinics under a unified leadership, with a focus on improving access, operational efficiency and sustainable growth. The Company plans to add four centers in the UAE and two in Saudi Arabia in the medium term," the research firm said in a Thursday first look note. Burjeel's net profit attributable to shareholders reached 174 million dirhams in the quarter, up 5% year over year but below FAB's forecast of 185 million dirhams. Revenue rose 7.9% over the period, mainly driven by a rebound in patient activity and an improvement in utilization across the company's healthcare network.
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