The company attributed this in a statement to the market Stocks Saudi Arabia The decline in profits indicates a decrease in the share of the results of investee companies through the equity method, an increase in hotel costs and other operating costs, a decrease in financing income, an increase in general, administrative and marketing expenses, and a decrease in Revenue Dividends, and an increase in withholding tax and income tax expenses.
She pointed out Kingdom Holding On the other hand, there is a positive impact resulting from reversing the decline in the investment value of one of the investee companies using the equity method, the decrease in financial expenses, the decrease in zakat expense, and the increase in hotel revenues and other operating income.
Net profits for the first nine months of the current year amounted to 1.167 billion riyals, compared to 856.172 million riyals in the same period in 2023.