All figures are in (Millions) Saudi Arabia, Riyals
Element
EXPLAINATION
Reasons of annual financial results
The decrease in net income, in the current period, was mainly due to the decrease in returns from long-term investments, and the realization of capital gain in the comparative period from the sale of Bakkah Arac hotel; despite the increase in operating income resulting from the increase in revenues from hotels, residential & commercial centers, and toristic & entertainment activities, in addition to the improvement in returns from short-term investments, and reduction in financiang cost.
Reclassifications in annual financial results
Some figures in the comparative period (2015) were reclassified for comparability.
Other notes
Gross revenue of this period is SR. 523.21 million compared to SR. 476.15 million for the same period last year with an increase of 9.88%. The shareholders equity (Excluding minority interests) for this period is SR.3,866 million compared to SR. 3,851 million for the same period last year with a decrease of 0.39%
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