Advanced Technology Company (ATC), a leading provider of comprehensive healthcare and environmental solutions in Kuwait, held its Annual and Extraordinary General Assembly for the fiscal year ending December 31, 2024. Shareholders approved all agenda items, including the Board of Directors’ recommendation to distribute bonus shares at a rate of 20% of the issued and paid-up capital. This decision reflects shareholders’ confidence in ATC’s future strategy and growth potential.
In 2024, ATC achieved significant financial growth, with total revenues reaching KD 179.2 million, representing a 6.3% increase compared to KD 168.6 million in 2023. Recurring revenues, including maintenance services and medical supplies, grew by 4% year-on-year to KD 109.2 million, demonstrating the company’s stable operational performance. The healthcare services sector, launched in 2023, contributed KD 30 million, accounting for 16.8% of total revenues and highlighting its strategic importance and long-term growth potential.
The company’s net profit attributable to shareholders reached KD 0.7 million in 2024, with earnings per share standing at 4.69 fils. ATC continues to execute major healthcare infrastructure projects, including Al-Sabah Hospital and the Kuwait Cancer Control Center, both expected to be completed in 2025. The successful completion of the New Maternity Hospital project in 2024 marked a significant addition to Kuwait’s healthcare system, supporting national efforts to enhance medical infrastructure.
ATC is advancing an ambitious growth strategy focusing on innovation and strategic partnerships both locally and internationally. This approach aims to strengthen the company’s market leadership in Kuwait while delivering value to shareholders through cutting-edge healthcare solutions. Established in 1981, ATC has become a significant player in Kuwait’s medical sector, maintaining partnerships with over 350 global healthcare brands and operating across various healthcare sectors including diagnostic imaging, lifecare solutions, and healthcare manpower services.
