Results & Indicators Highlights 2023
“Through God’s grace , operating income grew to reach 339 Mn SAR , an increase of 31% from the previous year , while total revenues reached 486 Mn SAR , an increase of 3% from the previous year This is despite the decrease in income from Tanal Real Estate Investment & Development Company (Affiliate Company) by 49% as a result of the decrease in the volume of land sales compared to the previous year , while a net income of 271 Mn SAR was achieved”
Jehad Alkadi Cheif Executive Officer
Profit Before Interest & Zakat (Mn SAR) 294
Total Revenues (Mn SAR) 486
Operating Revenues (Mn SAR) 339
“In 2023 , the company put into action key successful strategies to strengthen its financial position and increase its recurring operating revenues to unprecedented levels, , which had the impact of improving services and increasing the occupancy rate to 94% This was done by expanding capital spending in infrastructure and operational and administrative systems , as well as attracting key talents , achieving an increase in operating revenues by 39 Mn SAR , and an increase in operating profit and other revenues by 71 Mn SAR , an increase of 58% over the previous year” Mohammed AlKulaib Chief Financial Officer
Capital Expenditures (Mn SAR) 42
Net Cash Generated By Operating Activities (Mn SAR) 226
Net Income (Mn SAR) 271
Return on Average Invested Capital 12%
Dividends Paid in 2023 Riyals per Share 0.50
Dividends Paid in 2023 (Mn SAR) 89
Earnings per Share in Riyals (Reduced Basic) 1.52
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