| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The revenues increased by the amount of 1.16 billion Riyal compared to last year with 31% due to the increase in sales volumes and average selling prices for some of the products |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Increase in net income is attributable to the increase in sales volumes and average selling prices for some of the products, increase in share of profit from a joint venture and lower foreign currency revaluation loss, despite increase in finance costs and revaluation loss on derivative financial instruments related to interest rate exposure |
| Statement of the type of external auditor's report |
Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
not applicable |
| Reclassification of Comparison Items |
Certain comparative figures for the previous year have been reclassified to conform to the current year’s presentation |
| Additional Information |
Earnings per share for all periods presented is calculated by dividing the net profit by 843.2 million shares, after the approval of the Extraordinary General Assembly held on June 21, 2023, to divide the nominal value of the share from 10 Saudi riyals per share to 1 Saudi riyal per share, so that the number of shares of the company after the split becomes 843.2 million shares instead of 84.32 million shares. |
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