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 Year Previous Year %Change
Sales/Revenue 1,142,598,080 983,649,765 16.16
Gross Profit (Loss) 233,725,434 224,107,707 4.29
Operational Profit (Loss) 173,739,144 70,166,713 147.61
Net profit (Loss) 81,067,928 -47,680,945 –
Total Comprehensive Income 66,510,527 -97,187,882 –
Total Shareholders Equity (after Deducting Minority Equity) 522,024,265 455,513,738 14.6
Profit (Loss) per Share 1.25 -0.73
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 -27,737,549 -4.27
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 Company achieved revenue growth during the current fiscal year, with an increase of 159 million Saudi riyals (16%), reaching 1,143 million riyals compared to 984 million riyals in the previous year.

 

This growth is attributed to improvements across all our key sectors:

 

Contact Center Sector: Grew by 113 million Saudi riyals (28%), driven by the signing of new contracts.

 

Schools Sector: Grew by 36 million Saudi riyals (15%), due to an increase in student enrollment and the opening of two new schools in the first semester of the year.

 

Administrative Projects Sector: Grew by 9 million Saudi riyals (18%), as a result of signing new contracts.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The Company achieved a net profit of 81 million Saudi riyals in the current year, compared to a loss of 48 million riyals in the previous year.

 

This success is attributed to several key factors:

 

Revenue growth: An increase of 159 million riyals.

 

Improvement in operational activities, particularly in the training and university sectors.

 

The signing of a sublease contract for an educational and residential complex, which contributed to growth.

 

Improved collection of customer receivables during the current fiscal year, positively impacting expected credit loss expenses compared to the previous year.

 

The reversal of asset impairment had a positive effect on profits.

 

It is worth noting that this profit growth was achieved despite higher financing costs due to rising SAIBOR rates and increased general and administrative expenses resulting from the company’s expansion activities.
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 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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