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.

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 262,974,261 211,857,564 24.127 276,484,285 -4.886
Gross Profit (Loss) 48,414,397 39,436,370 22.765 46,897,542 3.234
Operational Profit (Loss) 23,253,202 20,108,807 15.636 90,113,286 -74.195
Net profit (Loss) 3,293,621 315,297 944.609 65,020,605 -94.934
Total Comprehensive Income -7,165,065 1,837,865 60,292,188
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 539,458,546 420,181,310 28.387
Gross Profit (Loss) 95,311,939 79,990,189 19.154
Operational Profit (Loss) 113,366,488 44,415,328 155.241
Net profit (Loss) 68,314,226 4,036,507 1,592.409
Total Comprehensive Income 53,127,123 3,170,971 1,575.421
Total Shareholders Equity (after Deducting Minority Equity) 513,766,906 555,334,085 -7.485
Profit (Loss) per Share 1.05 0.06
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
Accumulated Losses -35,366,745 5.44
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is

The Company achieved an increase in the revenue with SAR 51 million (24% increase) for the current quarter, with total revenue of SAR 263 million compared to SAR 212 million in the second quarter of last year. 

The increase in revenues is due to:

• Increase in revenues of Call Centers sector by SAR 32 million (38% increase) as a result of obtaining new contracts.

• Increase in revenues of Schools Sector revenues by SAR 13 million (25% increase) as a result of an increase in the number of students enrolled and the acquisition of the new School.

• Project Management sector revenues by SAR 6 million (52% increase) as a result of obtaining new contracts.

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The company’s net profit increased during the current quarter of the year by 3 million riyals compared to the same quarter of last year, mainly due to the increase in revenues compared to the same period last year, in addition to the improvement in the group’s operational activities, despite the increase in administrative expenses by 10% due to the addition of expenses of an acquired school that were not present in the second quarter of the previous year, as well as the increase in financing costs by 31% due to the increase in the SIBOR rate
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is

The company revenues decreased for the current quarter compared to the previous quarter of the current year by SAR 13 million (a decrease of 5%) The Decrease in revenues mainly due to because of the Seasonality effect of the company’s sectors as the following: – 

• Decrease in revenues of Call Centers sector by SAR 5 million (4% decrease) is due to reduce the works and services provided to clients.

 

• Decrease in revenues of Training sector by SAR 6 million (15% decrease) is due to reduce the number of trainees during the current quarter compared with the previous quarter of this year.

 

• Decrease in revenues of universities sector by SAR 2 million (4% decrease) is due to reduce the services hours provided.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The decrease in net profit for the current quarter compared to the previous quarter of the current year by SAR 61 million is mainly due to the signing of a sublease contract for an educational and residential complex by the Company, which resulted in recording profits during the previous quarter of the current year.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is

The company reported increase in revenues for the current period compared to the same period of last year amounting to SAR 119 million with 28% growth in its revenues. This is mainly due to the Followings: 

• Increase in revenues of Call Center sector revenues by SAR 70 million (42% increase) as a result of obtaining new contracts,

 

• Increase in revenues of Schools Sector revenues by SAR 26 million (24% increase) as a result of an increase in the number of students enrolled as compared to the comparative period of last year and the acquisition of the new School.

 

• Project Management sector revenues by SAR 16 million (83% increase) as a result of obtaining new contracts.

 

• Increase in revenues of Training Sector revenues by SAR 10 million (15% increase) as a result of an increase in the number of trainees enrolled as compared to the comparative period of last year and signing new contracts with customers which related to training services.

 

• Decrease in revenues of Universities Sector by 3 million (4% decrease) as a result of a decrease in the services provided to the clients as compared to the comparative period of last year.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The company’s net profits increased during the current period compared to the net profits for the same period of last year by SAR 64 million. The increase is mainly due to the signing a sublease contract for an educational and residential complex by the Company, which resulted in recording profits during the current reported period, with addition of the improved results of the Call Center and Training Sectors.
Statement of the type of external auditor’s report Unmodified conclusion
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 Some comparative figures have been reclassified where necessary for better presentation.
Additional Information Earnings per share are calculated by dividing the profit for the period attributable to shareholders of the parent company by the weighted average number of common shares during the period.

 

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