| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 43,827,546 | 36,835,867 | 18.98 |
| Gross Profit (Loss) | 22,725,483 | 21,589,666 | 5.26 |
| Operational Profit (Loss) | 22,871,791 | 21,606,295 | 5.86 |
| Net profit (Loss) | Net profit (Loss) | 16,321,276 | 27.54 |
| Total Comprehensive Income | 21,953,120 | 15,580,383 | 40.9 |
| Total Share Holders Equity (After Deducting the Minority Equity) | 89,292,808 | 67,339,688 | 32.6 |
| Profit (Loss) per Share | 3.2 | 2.51 | All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Amount | Percentage Of The Capital (%) |
|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - |
| All figures are in (Actual) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the increase in operating revenues to 43.8 million SAR in 2023 compared to 36.8 million SAR in 2022, with increase amounting 7 million SAR, is due to the increase in the company’s investment and asset management services revenues from the previous year as a result of an increase in the management fees of the funds managed by the company, as well as an increase in the Performance fees of funds, DPM, and fees for other investment services provided by the company. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the increase in net profit to 20.8 million SAR in 2023 compared to16.3 million SAR in 2022, with increase amounting 4.5 million SAR, is due to the following: 1- Increase in operating revenues by amount 7 million SAR. 2- Increase in operating expenses by amount 5.8 million SAR. 3- decrease in provisions of Zakat differences from previous years by amount 3 million SAR. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation for the current year |
| Additional Information | N/A |