Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Alkhaleej Training and Education Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	880,897,839	844,217,281	4.34
Gross Profit (Loss)	156,208,932	148,860,615	4.94
Operational Profit (Loss)	37,616,507	-1,089,968	–
Net Profit (Loss) after Zakat and Tax	224,214	-33,348,739	–
Total Comprehensive Income	-31,490,910	-30,197,060	4.28
Total Share Holders Equity (after Deducting Minority Equity)	715,715,581	752,903,393	-4.94
Profit (Loss) per Share	0.05	-0.69
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The company achieved a profit this year compared to the previous year as a result of some factors: despite the increase in revenues by 36 million riyals over the previous year, especially in the school sector, which succeeded in increasing the number of students by 100% from 4,600 students in the previous year to 9,250 students. By the end of the current year, however, some adjustments and recalculation were made according to the requirements of International Financial Reporting Standard No. 9, which necessitated increasing the value of customer debt provisions for one time in accordance with the international standard, which had a negative impact on the profits of the current year and the comparison years.
Statement of the type of external auditor’s report	Unmodified opinion
Reclassification of Comparison Items	The comparative numbers for the years ending on December 31, 2021, and December 31, 2020, have been restated mainly as a result of recalculation according to the requirements of International Financial Reporting Standard No. 9, which necessitated the amendment of previous years’ numbers.

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Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.