The emergence of the impact of investment deals made at the end of 2022 AD through subsidiaries. And represented in the contract of the modern Saudi factory, and the contract of Panda Retail Company.

- Increase in the Group's revenues by 39%.

-23% lower cost of revenue

- Reduced financing costs by 73%

- No subscription expenses were recorded compared with the same period of the previous year, which recorded an amount of 3,995,600 subscription expenses.

- Refund of a decrease in investment properties during the current year by 4,679,505

- Despite the calculation of a zakat provision for the group amounting to 5,180,977 Saudi riyals

- Recording provisions for impairment of other receivable balances in the amount of 1,500,000 riyals

We would like to draw attention to Note 13 to the accompanying consolidated financial statements, which refers to the issue of asset exchange with Al-Sati'a Company.

Modern General Contracting, where the company has formed a provision to meet the losses resulting from the asset exchange contract with Al-Sata'a Modern General Contracting Company in the amount of 74,003,717 Saudi riyals, where the group management believes that the assets that are supposed to be obtained in exchange for the exchange transaction are not important and there is a significant decrease in them as a result of their obsolescence, and therefore a provision has been formed against them at the book value of the performance obligations that are committed to

by presenting it to the other party. In addition, the previously issued judgment obliging Al-Baha Investment and Development Company to implement the terms of the contract with Al-Shining Modern Company has been confirmed. Our opinion on this has not been modified.

Another command

The Group's consolidated financial statements for the year ended 31 December 2022 have been audited by another auditor, who expressed an unqualified opinion.

With a paragraph drawing attention on a provision for potential claims on 9 Ramadan 1444 AH corresponding to 31 March 2023 AD.

The Group has implemented International Financial Reporting Standard No. (5) "Non-current assets held for sale and non-continuing operations", where this standard requires that assets that meet the controls of classification as held for sale be measured at the book amount or fair value minus the costs of selling, whichever is less, and that the depreciation of those assets is stopped, and that the assets that meet the controls of their classification as held for sale are presented separately in the statement of financial position and that the results of Non-going operations separately in the statement of comprehensive income, and accordingly the Group's management has reclassified these assets (note 8) to a separate item under the name of non-current assets held for sale.

Earnings per share for the current year 2023 is : 0.001177

Loss per share for the same period 2022 is: (0.002950)

Earnings per share are calculated on the basis of the net results of the year attributable to the shareholders of the parent company divided by the weighted average number of shares

Exported. The diluted earnings per share is the same as the base profit since the company does not have discounted instruments issued during the year.

As shown in Note (19) about the capital, during the current year the nominal value of the company's share was divided from ten riyals.

per share to ten halalas per share while keeping the company's capital unchanged, and in accordance with the requirements of International Accounting Standard No. (33)

The weighted average number of shares has been revised retroactively for all periods offered.

The company would also like to clarify to shareholders that the company’s accumulated losses as of December 31, 2023 amounted to 82,123,073 riyals, a percentage of 27.65% of the company’s capital, which amounted to 297,000,000 Saudi riyals.

The procedures and instructions for companies whose shares are listed on the Saudi Stock Exchange and whose accumulated losses have reached 20% or more of their capital will be applied.