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 287,954,064 274,303,576 4.976 291,385,073 -1.177
Gross Profit (Loss) 54,448,999 44,503,778 22.346 65,421,653 -16.772
Operational Profit (Loss) 23,097,353 89,900,231 -74.307 10,372,048 122.688
Net profit (Loss) 1,045,864 65,274,111 -98.397 -13,331,553 –
Total Comprehensive Income 572,422 60,545,933 -99.054 -21,026,973 –
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Shareholders Equity (after Deducting Minority Equity) 522,596,686 516,059,671 1.266
Profit (Loss) per Share 0.02 1
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 -26,691,685 4
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 Revenues increased by 14 million Saudi Riyals, representing a growth rate of 5%. Revenues reached 288 million Riyals compared to 274 million Riyals in the same period of the previous year.

This growth in revenue is mainly attributed to:

• An increase in the revenue of the call center sector by 19 million Riyals, or 16%, due to the signing of new contracts.

• An increase in revenue of the school’s sector by 8 million Riyals, or 12%, due to an increase in the number of enrolled students and the opening of two new schools during 2024.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net profit decreased by SAR 64.2 million in the current quarter compared to the same period last year. This decline is primarily due to the following factors:

 

1-In the comparable quarter of the prior year, a sublease agreement was signed, resulting in non-recurring profits of SAR 76 million.

 

2- An increase of SAR 5.5 million in the expected credit loss provision.

 

3- A decrease in general and administrative expenses of SAR 8.7 million, representing a 23% reduction.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenues in the current quarter compared with previous quarter decreased by 3.4 million Saudi Riyals, equivalent to 1%, reaching 288 million Riyals compared to 291.4 million Riyals in the previous quarter. This decline was primarily due to the seasonal impact during the holy month of Ramadan.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The company achieved a net profit increase of SAR 14 million compared to the losses incurred in the previous quarter, representing a growth rate of 108%. This is primarily attributed to:

 

1- A decrease in general and administrative expenses of SAR 9 million, a reduction of 24%.

 

2- A decrease in the expected credit loss provision of SAR 9 million, a reduction of 78%.

 

3- A decrease in financing expenses of SAR 6 million, a reduction of 22%.
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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