All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Total Share Holders Equity (After Deducting the Minority Equity)
842.5
837.2
0.633
Profit (Loss) per Share
7
32
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Percentage of the capital (%)
Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
-
-
Accumulated Losses
-
-
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is
Revenue was increased by 3% to reach SR 44,7 million compared to the corresponding period of previous year, primarily as a result of originating new Finance contracts.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
The decrease in net income was due to the increase in special commission expense and General and Administration expense.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is
N/A
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is
Efficient Marketing and Sales.
Statement of the type of external auditor's report
Unmodified conclusion
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)
N/A
Reclassification of Comparison Items
The reclassification of special commission income and impairment loses on Islamic financing receivable. Special Commission Income: In Q1-2024 Ijarah insurance cost is net off from the special commission income, while Q1-2023, it was part of our G&A cost.
Impairment: Previously our Income from written off case was shown in Income statement under other income net, while the current classification is to net it off with Impairment losses in income statement.
Additional Information
N/A
Attached Documents
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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