Riyadh – Mubasher: Al Kathiri Holding Company reported a 72% growth in annual net profit after Zakat and tax to around SAR 16.02 million, up from SAR 9.3 million in 2018.

The company attributed the increase in net profit to higher sales, which led to a 77.2% rise in revenues to SAR 89.47 million, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Moreover, profit resulting from a contract with the Air Force helped increase the company’s net profit last year.

It is worth noting that Al Kathiri joined the main market of Tadawul last December.