| [100010] Filing information | [200100] Independent auditors report | [300200] Statement of financial position, current/ non-current | |||
| [300400] Statement of income, function of expense | [300500] Statement of other comprehensive income, before tax | [300600] Statement of changes in equity | |||
| [300700] Statement of cash flows, indirect method | [400100] Notes forming part of accounts |

| [100010] Filing information |
|   | English [member] | |
|---|---|---|
| Start Date | 2023-04-01 | 2022-04-01 |
| End Date | 2023-06-30 | 2022-06-30 |
| Filing information [line items] | ||
| Disclosure of entity information [abstract] | ||
| Name of reporting entity | Batic Investments and Logistics Co. | |
| Company symbol code| ISIN code | 4110 | SA0007879808 | |
| Sector| Industry group | Industrials | Road and Rail | |
| Disclosure of document information [abstract] | ||
| Whether entity wants to report opening statement of financial position | No | |
| Period covered by financial statements | Quarter 2 | |
| Reporting period start date | 2023-04-01 | 2022-04-01 |
| Reporting period end date | 2023-06-30 | 2022-06-30 |
| Description of nature of financial statements | Consolidated | |
| Status of financial statements | Reviewed | |
| Description of presentation currency | Saudi Arabia, Riyals | |
| Level of rounding used in financial statements | Actuals | |
| Method of presentation of statement of financial position | Current, non-current | |
| Method of presentation of statement of income | Function of expense | |
| [200100] Independent auditors report |
|   | Primary auditor [member] | Second primary auditor [member] |
|---|---|---|
|   | English [member] | English [member] |
| Start Date | 2023-04-01 | 2023-04-01 |
| End Date | 2023-06-30 | 2023-06-30 |
| Auditors information [line items] | ||
| Details of auditors signing report [abstract] | ||
| Name of auditor signing report | Fahad M. Al-Toaimi | |
| Registration number of auditor | License No. 354 | |
| Details of audit firm [abstract] | ||
| Name of audit firm | Ernst & Young Professional Services (Professional LLC) | |
| Registration number of audit firm | 1010383821 | |
| Contact number of audit firm | 112159898 | |
| Address of audit firm | P.O 2732 Riyadh 11461 KSA |
|   | English [member] |
|---|---|
| Start Date | 2023-04-01 |
| End Date | 2023-06-30 |
| Auditors report [line items] | |
| Disclosures of auditors report [text block] | We have reviewed the accompanying interim condensed consolidated statement of financial position Batic Investments and Logistics Company– a Saudi Joint Stock Company (“the Company”) and its subsidiaries (collectively referred to as “the Group”) as at 30 June 2023, and the related interim condensed consolidated statements of comprehensive income, for the three and six months periods ended 30 June 2023, interim condensed consolidated statement of changes in equity and cash flows for the six-month period then ended, and explanatory notes |
| Contents of auditors report [abstract] | |
| Nature of auditors opinion | Unmodified opinion |
| Auditors opinion | Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepared, in all material respects, in accordance with IAS 34 endorsed in the Kingdom of Saudi Arabia. |
| Basis of opinion | We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” as endorsed in the Kingdom of Saudi Arabia. A review of interim financial statement consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that are endorsed in the Kingdom of Saudi Arabia and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. |
| Responsibilities of management and those charged with governance for financial statements | Board of directors are responsible for the preparation and presentation of these interim condensed consolidated financial statements in accordance with International Accounting Standard 34, “Interim Financial Reporting” (“IAS 34”) endorsed in the Kingdom of Saudi Arabia. |
| Auditors responsibilities for audit of financial statements | Our responsibility is to express a conclusion on these interim condensed consolidated financial statements based on our review. |
| Date of signing audit report by auditor | 2023-08-03 |
| [300200] Statement of financial position, current/ non-current |
| Start Date | 2023-01-01 | 2022-01-01 | 2022-01-01 | Note No. |
|---|---|---|---|---|
| End Date | 2023-06-30 | 2022-06-30 | 2022-12-31 | |
| Statement of financial position [abstract] | ||||
| Assets [abstract] | ||||
| Current assets [abstract] | ||||
| Bank balances and cash | 44,766,796 | 29,485,659 | 37,738,920 | |
| Short-term deposits | 20,000,000 | 20,000,000 | ||
| Financial assets, current | 67,165,984 | 86,966,373 | 81,191,135 | |
| Trade accounts receivable | 141,854,064 | 132,199,723 | 120,738,346 | |
| Prepayments | 47,857,548 | 72,592,543 | 45,705,598 | |
| Due from related parties | 1,036,264 | 1,436,168 | ||
| Inventories | 9,222,625 | 8,209,656 | 8,817,262 | |
| Total | 311,903,281 | 349,453,954 | 315,627,429 | |
| Total current assets | 311,903,281 | 349,453,954 | 315,627,429 | |
| Non-current assets [abstract] | ||||
| Financial assets, non-current | 2,042,704 | 2,042,704 | 2,042,704 | |
| Property, plant and equipment | 187,561,494 | 162,290,516 | 161,035,744 | |
| Assets subject to finance lease | 50,650,030 | 33,453,231 | 42,352,804 | |
| Goodwill | 78,245,709 | 79,770,427 | 78,245,709 | |
| Intangible assets other than goodwill, net | 581,526,290 | 346,812,055 | 556,227,974 | |
| Investment properties | 190,587,500 | 187,488,515 | 194,461,685 | |
| Other non-current assets | 3,853,812 | 4,404,357 | ||
| Total non-current assets | 1,094,467,539 | 811,857,448 | 1,038,770,977 | |
| Total assets | 1,406,370,820 | 1,161,311,402 | 1,354,398,406 | |
| Liabilities and equity [abstract] | ||||
| Liabilities [abstract] | ||||
| Current liabilities [abstract] | ||||
| Current portion of long term loans | 39,636,570 | 28,016,540 | 28,016,540 | |
| Trade accounts payables | 23,067,217 | 17,299,464 | 20,138,668 | |
| Accrued expenses | 60,228,789 | 34,891,206 | 57,994,845 | |
| Finance lease, current | 13,563,169 | 9,261,948 | 12,528,608 | |
| Zakat payable | 4,367,199 | 3,236,227 | 5,093,791 | |
| Dividends payable | 35,730,850 | 35,844,915 | 35,781,423 | |
| Royalties payable | 24,814,290 | 15,135,148 | 23,521,813 | |
| Other current liabilities | 4,748,400 | |||
| Total | 201,408,084 | 148,433,848 | 183,075,688 | |
| Total current liabilities | 201,408,084 | 148,433,848 | 183,075,688 | |
| Non-current liabilities [abstract] | ||||
| Debt securities, term loans, borrowings and sukuks in issue | 160,049,505 | 177,997,531 | 163,989,260 | |
| Employees' terminal benefits | 34,005,887 | 37,270,563 | 36,539,072 | |
| Finance leases, non-current | 36,902,725 | 23,903,194 | 29,040,883 | |
| Other non-current liabilities | 497,748,651 | 274,576,212 | 463,651,326 | |
| Total non-current liabilities | 728,706,768 | 513,747,500 | 693,220,541 | |
| Total liabilities | 930,114,852 | 662,181,348 | 876,296,229 | |
| Equity [abstract] | ||||
| Shareholder's equity [abstract] | ||||
| Share capital | 600,000,000 | 600,000,000 | 600,000,000 | |
| Statutory Reserve | 48,996,657 | 48,996,657 | ||
| Retained earnings (accumulated losses) | 9,619,000 | -17,472,999 | -39,913,752 | |
| Other reserves [abstract] | ||||
| Miscellaneous other reserves | -147,141,015 | -143,926,868 | -143,926,868 | |
| Total other reserves | -147,141,015 | -143,926,868 | -143,926,868 | |
| Equity attributable to owners of parent | 462,477,985 | 487,596,790 | 465,156,037 | |
| Non-controlling interests | 13,777,983 | 11,533,264 | 12,946,140 | |
| Total equity | 476,255,968 | 499,130,054 | 478,102,177 | |
| Total liabilities and equity | 1,406,370,820 | 1,161,311,402 | 1,354,398,406 |
| [300400] Statement of income, function of expense |
| Start Date | 2023-04-01 | 2022-04-01 | 2023-01-01 | 2022-01-01 | Note No. |
|---|---|---|---|---|---|
| End Date | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | |
| Statement of income [abstract] | |||||
| Profit (loss) [abstract] | |||||
| Continuing operations [abstract] | |||||
| Operating profit (loss) [abstract] | |||||
| Operating income [abstract] | |||||
| Gross profit (loss) [abstract] | |||||
| Revenue | 117,367,854 | 100,268,955 | 231,571,572 | 209,569,581 | |
| Cost of sales | 98,987,006 | 91,827,878 | 197,409,017 | 189,928,468 | |
| Gross profit (loss) | 18,380,848 | 8,441,077 | 34,162,555 | 19,641,113 | |
| Total operating income | 18,380,848 | 8,441,077 | 34,162,555 | 19,641,113 | |
| Operating expenses [abstract] | |||||
| General and administrative expenses | 11,419,311 | 12,533,982 | 23,483,762 | 23,575,547 | |
| Other operating expenses | 3,400,000 | 2,350,000 | 5,100,000 | 3,210,000 | |
| Total operating expenses | 14,819,311 | 14,883,982 | 28,583,762 | 26,785,547 | |
| Operating profit (loss) | 3,561,537 | -6,442,905 | 5,578,793 | -7,144,434 | |
| Finance costs | 4,420,998 | 3,074,544 | 8,524,642 | 5,229,436 | |
| Other income (expenses), net | 3,339,142 | -2,253,499 | 7,150,256 | 3,221,270 | |
| Profit (loss) before zakat and income tax from continuing operations | 2,479,681 | -11,770,948 | 4,204,407 | -9,152,600 | |
| Zakat expenses on continuing operations for period | 1,921,203 | 1,410,999 | 3,419,911 | 2,924,833 | |
| Profit (loss) for period from continuing operations | 558,478 | -13,181,947 | 784,496 | -12,077,433 | |
| Profit (loss) for period | 558,478 | -13,181,947 | 784,496 | -12,077,433 | |
| Profit (loss), attributable to [abstract] | |||||
| Profit (loss), attributable to equity holders of parent company | 480,424 | -12,723,520 | 536,095 | -11,881,290 | |
| Profit (loss), attributable to non-controlling interests | 78,054 | -458,427 | 248,401 | -196,143 | |
| Earnings per share [abstract] | |||||
| Basic earnings (loss) per share [abstract] | |||||
| Basic earnings (loss) per share from continuing operations | 0.001 | -0.023 | 0.001 | -0.021 | |
| Total basic earnings (loss) per share | 0.001 | -0.023 | 0.001 | -0.021 | |
| Diluted earnings (loss) per share [abstract] | |||||
| Diluted earnings (loss) per share from continuing operations | 0.001 | -0.023 | 0.001 | -0.021 | |
| Total diluted earnings (loss) per share | 0.001 | -0.023 | 0.001 | -0.021 | |
| Weighted average number of equity shares outstanding | 600000000 | 558450000 | 600000000 | 558450000 |
| [300500] Statement of other comprehensive income, before tax |
| Start Date | 2023-04-01 | 2022-04-01 | 2023-01-01 | 2022-01-01 | Note No. |
|---|---|---|---|---|---|
| End Date | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | |
| Statement of other comprehensive income, before tax [abstract] | |||||
| Statement of comprehensive income [abstract] | |||||
| Profit (loss) for period | 558,478 | -13,181,947 | 784,496 | -12,077,433 | |
| Total comprehensive income (loss) for period | 558,478 | -13,181,947 | 784,496 | -12,077,433 | |
| Total comprehensive income (loss) attributable to [abstract] | |||||
| Total comprehensive income (loss), attributable to equity holders of parent | 480,424 | -12,723,520 | 536,095 | -11,881,290 | |
| Total comprehensive income (loss), attributable to non-controlling interests | 78,054 | -458,427 | 248,401 | -196,143 |
| [300600] Statement of changes in equity |
|   | Share capital [member] | Share premium [member] | Treasury shares [member] | Statutory reserve [member] | General reserve [member] | Retained earnings (accumulated losses) [member] | Asset revaluation reserve [member] | Available-for-sale [member] | Employee share based plan reserve [member] | Reserve of exchange differences on translation [member] | Cash flow hedges reserve [member] | Reserve of disposal group held for distribution/ sale [member] | Miscellaneous other reserves [member] | Total other reserves [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total equity [member] | Note No. | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Start Date | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | 2023-01-01 | 2022-01-01 | |
| End Date | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | 2023-06-30 | 2022-06-30 | |
| Statement of changes in equity [line items] | |||||||||||||||||||||||||||||||||||
| Equity balance at beginning of period (before adjustments) | 600,000,000 | 300,000,000 | 48,996,657 | 48,996,657 | -39,913,752 | -416,709 | -143,926,868 | -122,747,412 | -143,926,868 | -122,747,412 | 465,156,037 | 225,832,536 | 12,946,140 | 10,187,252 | 478,102,177 | 236,019,788 | |||||||||||||||||||
| Equity balance at beginning of period (after adjustments) | 600,000,000 | 300,000,000 | 48,996,657 | 48,996,657 | -39,913,752 | -416,709 | -143,926,868 | -122,747,412 | -143,926,868 | -122,747,412 | 465,156,037 | 225,832,536 | 12,946,140 | 10,187,252 | 478,102,177 | 236,019,788 | |||||||||||||||||||
| Changes in equity [abstract] | |||||||||||||||||||||||||||||||||||
| Comprehensive income [abstract] | |||||||||||||||||||||||||||||||||||
| Profit (loss) for period | 536,095 | -11,881,290 | 536,095 | -11,881,290 | 248,401 | -196,143 | 784,496 | -12,077,433 | |||||||||||||||||||||||||||
| Total comprehensive income (loss) for period | 536,095 | -11,881,290 | 536,095 | -11,881,290 | 248,401 | -196,143 | 784,496 | -12,077,433 | |||||||||||||||||||||||||||
| Transfer to statutory reserve | -48,996,657 | 48,996,657 | 0 | 0 | |||||||||||||||||||||||||||||||
| Issue of equity | 300,000,000 | 300,000,000 | 300,000,000 | ||||||||||||||||||||||||||||||||
| Share issue cost | 5,175,000 | 5,175,000 | 5,175,000 | ||||||||||||||||||||||||||||||||
| Changes in non-controlling interest | 583,442 | 1,542,155 | 583,442 | 1,542,155 | |||||||||||||||||||||||||||||||
| Other miscellaneous changes in equity | -3,214,147 | -21,179,456 | -3,214,147 | -21,179,456 | -3,214,147 | -21,179,456 | -3,214,147 | -21,179,456 | |||||||||||||||||||||||||||
| Total changes in shareholders equity | 300,000,000 | -48,996,657 | 49,532,752 | -17,056,290 | -3,214,147 | -21,179,456 | -3,214,147 | -21,179,456 | -2,678,052 | 261,764,254 | 831,843 | 1,346,012 | -1,846,209 | 263,110,266 | |||||||||||||||||||||
| Equity balance at end of period | 600,000,000 | 600,000,000 | 0 | 48,996,657 | 9,619,000 | -17,472,999 | -147,141,015 | -143,926,868 | -147,141,015 | -143,926,868 | 462,477,985 | 487,596,790 | 13,777,983 | 11,533,264 | 476,255,968 | 499,130,054 | |||||||||||||||||||
| [300700] Statement of cash flows, indirect method |
| Start Date | 2023-01-01 | 2022-01-01 | Note No. |
|---|---|---|---|
| End Date | 2023-06-30 | 2022-06-30 | |
| Statement of cash flows, indirect method [abstract] | |||
| Statement of cash flows [abstract] | |||
| Cash flows from (used in) operating activities [abstract] | |||
| Profit (loss) before zakat and income tax [abstract] | |||
| Profit (loss) before zakat and income tax from continuing operations | 4,204,407 | -9,152,600 | |
| Profit (loss) for period before zakat and income tax | 4,204,407 | -9,152,600 | |
| Adjustments to reconcile profit (loss) before tax to net cash flows [abstract] | |||
| Adjustments for depreciation and impairment (reversal of impairment) of property, plant and equipments | 12,472,644 | 13,250,308 | |
| Adjustments for amortization and impairment (reversal of impairment) of intangible assets | 10,223,146 | 6,558,678 | |
| Adjustments for finance costs | 8,524,642 | 5,377,255 | |
| Adjustments for impairment loss (reversal of impairment loss) recognized in statement of Income | 5,100,000 | 3,210,000 | |
| Adjustments for gain (loss) on disposal of property, plant and equipment | 583,283 | 383,153 | |
| Adjustment for provision of employees' terminal benefit | 6,406,072 | 6,125,709 | |
| Other adjustments to reconcile profit (loss) before tax to net cash flows | 1,417,419 | 1,887,824 | |
| Total adjustments to reconcile profit (loss) before tax to net cash flows | 43,560,640 | 36,026,621 | |
| Operating cash flow before working capital changes | 47,765,047 | 26,874,021 | |
| Adjustments for working capital changes [abstract] | |||
| Adjustments for decrease (increase) in trade accounts receivable, net | -23,215,719 | 19,614,404 | |
| Adjustments for decrease (increase) in prepayment | -4,398,666 | -9,261,852 | |
| Adjustments for increase (decrease) in trade accounts payable | 2,978,662 | -705,348 | |
| Adjustments for increase (decrease) in other accounts payable | 7,544,510 | -4,322,606 | |
| Adjustments for other current liabilities | -469,594 | -475,141 | |
| Net increase (decrease) due to working capital changes | -17,560,807 | 4,849,457 | |
| Net cash flows from (used in) operations | 30,204,240 | 31,723,478 | |
| Other inflows (outflows) of cash, classified as operating activities [abstract] | |||
| Zakat paid, classified as operating activities | 4,146,503 | 6,579,554 | |
| Other inflows (outflows) of cash, classified as operating activities | -9,179,256 | -6,226,186 | |
| Total other inflows (outflows) of cash, classified as operating activities | -13,325,759 | -12,805,740 | |
| Net cash flows from (used in) operating activities | 16,878,481 | 18,917,738 | |
| Cash flows from (used in) investing activities [abstract] | |||
| Proceed from sales of property, plant and equipment | 1,738,933 | 3,018,309 | |
| Purchase of property, plant and equipment | 31,437,010 | 3,565,564 | |
| Purchase of financial assets | 80,000,000 | ||
| Proceeds from sale of financial assets | 18,000,000 | 6,049,597 | |
| Payment for acquisition of associates and joint ventures | 3,000,000 | 19,800,000 | |
| Dividends received, classified as investing activities | 448,217 | 150,000 | |
| Expenditure on other intangible assets | 4,005,924 | 4,196,808 | |
| Expenditure on investment property under construction | 5,693,339 | ||
| Purchase of investment properties | 151,554,983 | ||
| Other inflows (outflows) of cash, classified as investing activities | -401,491 | ||
| Net cash flows from (used in) investing activities | -24,350,614 | -249,899,449 | |
| Cash flows from (used in) financing activities [abstract] | |||
| Cost of raising share capital | 5,175,000 | ||
| Proceeds from issuing shares | 300,000,000 | ||
| Proceeds from debt securities, term loans, borrowings, sukuks and murabahas | 16,061,475 | 101,336,859 | |
| Repayment of debt securities, term loans, borrowings, sukuks and murabahas | 8,381,200 | 160,578,434 | |
| Repayments of finance lease liabilities | 6,743,122 | 4,065,487 | |
| Dividends paid to non-controlling interest, classified as financing activities | 50,573 | -17,013,328 | |
| Other inflows (outflows) of cash, classified as financing activities | -6,386,571 | -5,335,729 | |
| Net cash flows from (used in) financing activities | -5,499,991 | 243,195,537 | |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -12,972,124 | 12,213,826 | |
| Net increase (decrease) in cash and cash equivalents | -12,972,124 | 12,213,826 | |
| Cash and cash equivalents at beginning of period | 57,738,920 | 37,271,833 | |
| Cash and cash equivalents at end of period | 44,766,796 | 49,485,659 |
| [400100] Notes forming part of accounts |
|   | English [member] | Note No. |
|---|---|---|
| Start Date | 2023-04-01 | |
| End Date | 2023-06-30 | |
| Notes forming part of accounts [line items] | ||
| Disclosure of notes and other explanatory information [text block] | ||
| Disclosure of general information about reporting entity [abstract] | ||
| Disclosure of general information about reporting entity [text block] | under the Regulations for Companies and is registered in the Riyadh, Kingdom of Saudi Arabia (“KSA”) under Commercial Registration No. 1010052902 dated 13, Rabi` Al-Akhir ,1404H (corresponding to 16 January 1984).Based on the approval of the extraordinary general assembly of the shareholders of the company on 6/7/1438H corresponding to 3/4/2017, the second article of the company's by-law has been amended to change the name of the company from (Saudi Transport and Investment Company - Mubarrad) to (Batic Investments and Logistics Company).The Company’s head office is located in Riyadh - Batic tower- Al-Olaya District - Al-Arz Street - PO Box 7939.The Company’s financial year begins on the first of January and ends at the end of December for each calendar year. | |
| Disclosure of other general disclosures about reporting entity [text block] | CapitalThe shareholders of the Company in their meeting held on to 2 Jumada al-Awal 1443H (corresponding to 6 Decem-ber 2021) decided to increase the share capital of the Company from SR 300,000,000 to SR 600,000,000 (divided into 60,000,000 shares of SR 10 each). The legal formalities for the increase in share capital including approval by the Capital Market Authority which was obtained on 26 Rabi' Al-Awal 1443H (corresponding to 2 November 2021) were completed during the period 2022.On June 21, 2023, the extraordinary general assembly of company shareholders approved amending the company's by-law in accordance with the new companies’ law and the amended corporate governance regulations issued by the Capital Market Authority and their implementing regulations. The most important of these amendments are:-Dividing the nominal value of shares from (10) ten riyals per share to (1) one riyal per share, so the number of company shares becomes (600,000,000) six hundred million shares instead of (60,000,000) sixty million shares.- Cancel the limitation of the company duration that identified at the company by-law to (50) years.- Cancel of the statutory reserve item in the company by-law and transfer the total balance of the reserve on the date of the Assembly to the accumulated losses. | |
| Disclosure of basis of preparation of financial statements [abstract] | ||
| Disclosure of basis of preparation of financial statements [text block] | 2.BASIS OF PREPARATION2-1Statement of compliance The interim consolidated financial statements are prepared in accordance with International Accounting Standard 34 (“IAS 34”) “Interim Financial Reporting” that is endorsed in KSA and other standards and pronouncements that are issued by the Saudi Organization for Chartered and Professional Accountants (“SOCPA”).The interim condensed consolidated financial statements do not include all the information and disclosures re-quired in the annual consolidated financial statements in accordance with International Financial Reporting Standards and should be read in conjunction with the Group’s annual consolidated financial statements for the year ended 31 December 2022.2-2Basis of measurementThe condensed consolidated interim financial statements have been prepared on the historical cost basis, except for short-term financial assets through profit or loss, which are measured at fair value, and employee end-of-service benefits obligations, which are measured at the present value of future obligations using the projected unit credit method.2-3Functional and presentation currencyThe accompanying condensed consolidated interim financial statements are presented in Saudi Riyals, which is the functional currency of the Group, and the presented financial statements are rounded to the nearest Saudi riyal.2-4Significant accounting policiesBusiness combinationFor business combinations involving entities under common control (“combining entities”) are accounted for using the pooling of interest method. The assets and liabilities of the combining entities are reflected at their car-rying amounts. Adjustments are made to the carrying amounts in order to incorporate any differences arising due to differences in accounting policies used by the combining entities. No goodwill or gain is recognized as a result of the combination and any difference between the consideration paid/transferred and the equity acquired is re-flected within the equity of the Group. The consolidated statement of comprehensive income reflects the results of the combining entities from the date when the combination took place.The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended 31 December 2022.New and amended standards adopted by the GroupThere are no new standards or interpretations effective as of January 1, 2023. There are amendments to the standards that are effective from January 1, 2023, but they do not have any material impact on the interim con-densed consolidated financial statements of the Group.Amendments and interpretationsIFRS 17: Insurance Contracts.Amendments to IAS 1: Classification of Liabilities as Current and Non-current Liabilities with CovenantsAmendments to IAS 8: Definition of Accounting Estimates.Amendments to IAS 1 and IFRS Practice Statement 2: Disclosure of Accounting Policies.Amendments to IAS 12: Deferred Tax related to Assets and Liabilities arising from a Single Transaction.Amendments to IAS 16: Lease Liability in a Sale and Leaseback.Amendments to IAS 10and IAS 28: Sale or contribution of assets between an investor and its Associate or Joint VentureAmendments to IAS 7 and IFRS 7: Disclosures: Supplier Finance Arrangements | |
| Disclosure of going concern [text block] | The management believes that the Group has ability to meet its obligation as:(a)The Group’s current assets are more than its current liabilities.(b)The Group manages its liquidity risk by ensuring that bank borrowing facilities from multiple banks are available (note 10).The Group operates in diversified industries (see note 15). Management has made an assessment of the Group’s ability to continue as a going concern and is satisfied that the Group has the resources and borrowing facilities from multiple banks to continue in business for the foreseeable future. Moreover, management is not aware of any mate-rial uncertainties that may cast significant doubt upon the Group’s ability to continue as going concern. Therefore | |
| Disclosure of first-time adoption of IFRS [abstract] | ||
| Disclosure of estimates [text block] | 3.SIGNIFICANT ACCOUNTING ESTIMATES, ASSUMPTIONS AND JUDGEMENTSThe preparation of the Group’s interim consolidated financial statements requires management to make judge-ments, estimates and assumptions that affect the reported amounts of revenues, expenses and assets and liabili-ties at the reporting date. Actual results may differ from these estimates. The significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those described in the latest annual consolidated financial statements. | |
| Disclosure of other notes forming part of accounts [abstract] | ||
| Disclosure of subsequent events [text block] | SUBSEQUENT EVENTSOther than the abovementioned, no events have arisen subsequent to 30 June 2023 and before the issuance of the interim condensed consolidated financial statements that could have a significant effect on the interim condensed consolidated financial statements as at 30 June 2023. | |
| Disclosure of commitments and contingencies [text block] | 19.CONTINCENT LIABILITIES AND CAPITAL COMMITMENTSAs at 30 June 2023, the Group has contingent liabilities in the form of bank guarantees uncovered in amount of SR 19.5 million issued in the normal course of business (31 December 2022: SR 27.2 million). The Group also has capital commitments amounted to SR 165 K as at 30 June 2023 (31 December 2022: SR 26 million) mainly represent contracts for the purchase of property, equipment, and systems for the Group | |
| Disclosure of comparative figures and restatements [text block] | COMPARATIVESCertain comparative period amounts have been reclassified for purpose of better presentation. However, the effect of those reclassification was not significant | |
| Disclosure of board of director's approval of the financial statements [text block] | 22.APPROVAL OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTSThe interim Condensed Consolidated Financial Statements were approved by the Board of Directors on 16 Muharram1445H (corresponding to 03 August 2023). |