2023 Facts & Figures 2023 Financial Results Summary (Mn SAR )
Net profit 291 55% **
Net profit before zakat 291 60% **
Total operating profit and other income 360 74% **
Other revenues 486 3% *
Commercial centers 163 18% *
Operational revenues 339 15% *
Public good services 135 16% *
Zakat 20 54% *
General and administrative expenses 69 3% *
Land sales 41
Salaries and wages 35
Islamic murabaha revenues 38 73% *
Operating Expenses 126 37% *
Professional fees and consultation 13 Doubtful debts 12 Board member remuneration 3 Legal cases 1 Other 5
Share of Tanal profits 97 -49% *
Depreciation 42
Maintenance and cleaning 29
Other revenues 12
Salaries and wages 24 Services 17 Security 10 Cost of land sales 3 Other 1
Revenues
* Y/Y [ vs 2022 ]
This report includes some financial metrics that are not considered part of the International Financial Reporting Standards ARDCO presents these metrics to add context
Expenses
** Profit Margins
49
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