الأخبار – Saudi Advanced Industries Company

Saudi Advanced Industries Co. Announces the Non-Renewal of the Chief Executive Officer’s Contract and the Appointment of a New Chief Executive Officer

saic — Wed, 12 Aug 2026 07:18:00 +0000

Element List	Explanation
Introduction	The Company announces that, on 11 August 2026, the Board of Directors approved the request of the Chief Executive Officer, Mr. Khalid Abukhadhra, not to renew his contract upon its expiry, based on his request. The Board of Directors extends its sincere thanks and appreciation to Mr. Khalid Abu Khadra for his efforts and contributions during his tenure as Chief Executive Officer and wishes him continued success in his future endeavors.

Element List

Explanation

Introduction

The Company announces that, on 11 August 2026, the Board of Directors approved the request of the Chief Executive Officer, Mr. Khalid Abukhadhra, not to renew his contract upon its expiry, based on his request.

The Board of Directors extends its sincere thanks and appreciation to Mr. Khalid Abu Khadra for his efforts and contributions during his tenure as Chief Executive Officer and wishes him continued success in his future endeavors.

Element List	Explanation
Name of the Resigned Person	Khalid Saeed Abukhadhra
Resignation Acceptance Date	2026-08-11 Corresponding to 1448-02-28
Resignation Effective Date	2026-10-12 Corresponding to 1448-05-01
Reasons for Resignation	Due to personal circumstances.

Element List	Explanation
Appointment Type	Appointment
Name of the Appointed Person	Fares Abdulrahman Al-Fares
Date of Board Resolution	2026-08-11 Corresponding to 1448-02-28
Date Work Commencement	2026-10-13 Corresponding to 1448-05-02
Brief Resume	Mr. Fares Al-Fares has more than 20 years of extensive executive and leadership experience in the banking, investment, finance, and asset management sectors. Throughout his career, he has held several senior leadership positions, most recently serving as Chief Investment Officer at the Saudi Advanced Industries Company. He also previously served as Head of Asset Management at Yaqeen Capital and Head of Asset Management at Al Rajhi Capital. Mr. Fares holds a Bachelor’s degree in Accounting from Prince Sultan University.

Saudi Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2026-06-30 ( Six Months )

saic — Sun, 09 Aug 2026 08:19:31 +0000

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	15.82	-106.32	–	15.21	4.01
Gross Profit (Loss)	15.82	-106.32	–	15.21	4.01
Operational Profit (Loss)	11.1	-112.17	–	10.92	1.648
Net Profit (Loss) Attributable to Shareholders of the Issuer	7.47	-115.39	–	7.43	0.538
Total Comprehensive Income Attributable to Shareholders of the Issuer	5.87	-117.14	–	7.43	-20.995
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	31.02	-91.12	–
Gross Profit (Loss)	31.02	-91.12	–
Operational Profit (Loss)	22.02	-103.74	–
Net Profit (Loss) Attributable to Shareholders of the Issuer	14.9	-110.14	–
Total Comprehensive Income Attributable to Shareholders of the Issuer	13.3	-112.5	–
Total Shareholders Equity (after Deducting Minority Equity)	1,024.29	1,059.21	-3.296
Profit (Loss) per Share	0.25	-1.87
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
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	The reason for the Increase in revenue during the current quarter compared to the same quarter of the previous year is due to: • Increase in the company share of associate companies’ profits • Increase in dividends earned. • Increase in unrealized gain from financial assets at fair value through profit or loss in spite of: • Decrease in profits from selling shares in associated companies. • Increase in realized losses from selling financial assets at fair value through profit or loss.
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 reason for the Increase in net profit during the current quarter compared to the same quarter of the previous year is due to: • Increase in revenue • Decrease in general and administrative expenses • Decrease in financing costs. in spite of: • Increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenue during the current quarter compared to the previous quarter is due to: • Increase in the company share of associate companies’ profits. • Increase in dividends earned. • Decrease in realized losses from selling financial assets at fair value through profit or loss. in spite of: • Decrease in unrealized gain from financial assets at fair value through profit or loss
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to: • Increase in revenue • Decrease in financing costs. in spite of: • Increase in general and administrative expenses • Increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the increase in revenue during the current period compared to the same period of the previous year is due to: • Increase in the company share of associate companies’ profits • Increase in dividends earned. • Increase in unrealized gain from financial assets at fair value through profit or loss in spite of: • Decrease in realized gain from selling financial assets at fair value through profit or loss. • Decrease in profits from selling shares in associated companies.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the Increase in net profit during the current period compared to the same period of the previous year is due to: • Increase in revenue • Decrease in general and administrative expenses. in spite of: • Increase in financing costs. • Increase in zakat expenses.
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)	None
Reclassification of Comparison Items	None
Additional Information	None

Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Al Rajhi Capital

saic — Tue, 14 Jul 2026 13:31:43 +0000

Element List	Explanation
Introduction	Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Al Rajhi Capital. The details are as follows:
Date of obtaining the funding	2026-07-14 Corresponding to 1448-01-29
Financing entity	Al Rajhi Capital
Financing amount.	60,000,000 SAR
Financing duration.	One Year
Guarantees offered for the financing	Pledging a portion of the investment portfolio assets equivalent to the value of the credit facilities & Promissory Note
Financing objective	To support the company’s investment expansion.
Related Parties	None

Saudi Advanced Industries Company (SAIC) announces the results of the Ordinary General Assembly Meeting (second Meeting)

saic — Tue, 30 Jun 2026 11:38:43 +0000

Element List	Explanation
Introduction	The Saudi Advanced Industries Company (SAIC) announces the results of the Ordinary General Assembly meeting (second Meeting), which was held via modern technology means at 09:30 PM on Monday, 14 Muharram 1448H, corresponding to June 29, 2026G, Due to the lack of a quorum in the first meeting, the second meeting was held one hour after the scheduled time of the first meeting with the shares represented in the meeting, where the attendance rate reached 16.24093% of the shares representing the capital.
City and Location of the General Assembly’s Meeting	Riyadh – The Company’s Head Office – via modern technology
Date of the General Assembly’s Meeting	2026-06-29 Corresponding to 1448-01-14
Time of the General Assembly’s Meeting	21:30
Percentage of Attending Shareholders	16.24093%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees	The following Board members attended the meeting: 1- Mr. Abdullah bin Muhammad Al-Homaidhi – Chairman of the Board of Directors 2- Mr. Muhammad bin Shabib Al-Mutlaq – Vice Chairman of the Board of Directors 3- Mr. Yasser bin Rashid Al-Rashid – Board Member 4- Mr. Abdulrahman bin Nasser Al-Obeid – Board Member 5- Mr. Badr bin Ali Al-Rabiah – Board Member 6- Mr. Badr bin Muhammad Al-Eissa – Board Member 7- Ms. Yara bint Dakhil Al-Hajri – Board Member
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf	The following Committee Chairmen attended the meeting: 1- Mr. Yasser bin Rashid Al-Rashid – Chairman of the Audit Committee 2- Mr. Muhammad bin Shabib Al-Mutlaq – Chairman of the Nomination and Remuneration Committee 3- Mr. Abdullah bin Muhammad Al-Homaidhi – Chairman of the Investment Committee
Voting Results on the Items of the General Assembly’s Meeting Agenda’s	All the items on the agenda of the Assembly were approved by a majority vote(according to the annex)
Additional Information	We are pleased to receive your inquiries or comments through the Investor Relations Department via the following contact methods: Phone: 0114789840 Email: saiccom@saic.com.sa
Attached Documents

Saudi Advanced Industries Co. Announces Obtaining a Sharia-compliant credit facilities with ALINMA Bank

saic — Thu, 18 Jun 2026 13:46:33 +0000

Element List	Explanation
Introduction	Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Alinma Bank, according to the following details:
Date of obtaining the funding	2026-06-15 Corresponding to 1447-12-29
Financing entity	Al Inma Bank
Financing amount.	100,000,000 SAR
Financing duration.	One Year
Guarantees offered for the financing	Promissory Note, and pledging a portion of the investment portfolio assets equivalent to the value of the credit facilities.
Financing objective	To support the company’s investment expansion.
Related Parties	None

Saudi Advanced Industries Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

saic — Mon, 08 Jun 2026 12:36:46 +0000

Element List	Explanation
Introduction	The Board of Directors of Saudi Advanced Industries Company (SAIC) invites the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meeting will be held one hour after the first), which will be held at 8:30 PM on Monday, 14 Muharram 1448, corresponding to 29 June 2026, via modern technology
City and Location of the General Assembly’s Meeting	Through modern technology from the company’s headquarters in Riyadh
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly’s Meeting	2026-06-29 Corresponding to 1448-01-14
Time of the General Assembly’s Meeting	20:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	The right to attend shall be granted to shareholders registered in the issuer’s shareholders register at the Securities Depository Center (Edaa) by the end of the trading session preceding the General Assembly meeting, in accordance with applicable laws and regulations. The right to register attendance at the General Assembly meeting ends at the time of the meeting’s commencement. The right to vote on the meeting’s agenda items for attendees ends once the vote counting committee completes counting the votes.
Quorum for Convening the General Assembly’s Meeting	According to Article (37) of the Articles of Association of Saudi Advanced Industries Company (SAIC), the Ordinary General Assembly meeting shall not be valid unless attended by shareholders representing at least one quarter of the company’s shares with voting rights. If the necessary quorum for the meeting is not met, a second meeting shall be held one hour after the scheduled time of the first meeting. In all cases, the second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	1. Review and discuss the Board of Directors’ Report for the fiscal year ended 31/12/2025G. 2. Review and discuss the financial statements for the fiscal year ended 31/12/2025G. 3. Vote on the External Auditor’s Report for the fiscal year ended 31/12/2025G, after discussion. 4. Vote on discharging the members of the Board of Directors from liability for the fiscal year ended 31/12/2025G. 5. Vote on the appointment of the Company’s external auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second quarter, third quarter, and annual financial statements of the fiscal year ending 31/12/2026G, and the first quarter of the fiscal year ending 31/12/2027G, and determine their fees. 6. Vote on the amendment of the Remuneration Policy for the Board of Directors, Board Committees, and Executive Management. (Attached) 7. Vote on the amendment of the Policy for the Standards and Procedures for Membership in the Board of Directors. (Attached) 8. Vote on the amendment of the Audit Committee Charter. (Attached) 9. Vote on the amendment of the Nomination and Remuneration Committee Charter. (Attached) 10. Vote on the Competition Controls and Standards Policy. (Attached) 11. Voting on the disbursement of an amount of (1,777,136.99) as a bonus to the members of the Board of Directors for the fiscal year ending on 31/12/2025
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders have the right to discuss the items listed on the agenda of the General Assembly and to raise questions. Registered shareholders in the Tadawulaty services can also vote remotely on the Assembly’s agenda items through the Tadawulaty website: www.tadawulaty.com.sa.
Details of the electronic voting on the Assembly’s agenda	Registered shareholders in the Tadawulaty services may vote electronically and remotely on the items of the Ordinary General Assembly meeting (for both the first and second meetings, the second being one hour after the first), starting from 1:00 AM on Thursday 10-01-1448 corresponding to 25-06-2026, until the end of the Assembly meeting. Please note that registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries	We are pleased to receive your inquiries or comments through the Investor Relations Department via the following contact methods: Phone: 0114789840 Email: saiccom@saic.com.sa
Attached Documents

Saudi Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2026-03-31 ( Three Months )

saic — Tue, 12 May 2026 05:49:57 +0000

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	15.21	15.2	0.065	-42.09	–
Gross Profit (Loss)	15.21	15.2	0.065	-42.09	–
Operational Profit (Loss)	10.92	8.43	29.537	-46.74	–
Net Profit (Loss) Attributable to Shareholders of the Issuer	7.43	5.25	41.523	-53.26	–
Total Comprehensive Income Attributable to Shareholders of the Issuer	7.43	4.65	59.784	-48.46	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	1,018.42	1,235.35	-17.56
Profit (Loss) per Share	0.13	0.09
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
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	The reason for the Increase in revenue during the current quarter compared to the same quarter of the previous year is due to: • Increase in unrealized gain from financial assets at fair value through profit or loss • Increase in dividends earned. in spite of: • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits • Decrease in realized gain from selling financial assets at fair value through profit or loss.
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to: • Increase in revenue. • Decrease in general and administrative expenses. • Decrease in the Zakat expenses. in spite of: • Increase in financing costs.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenue during the current quarter compared to the previous quarter is due to: • Increase in unrealized gain from financial assets at fair value through profit or loss in spite of: • Decrease in dividends earned. • Decrease in the company share of associate companies’ profits. • Decrease in profits from selling shares in associated companies. • Increase in realized losses from selling financial assets at fair value through profit or loss.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to: • Increase in revenue • Decrease in general and administrative expenses. • Decrease in the zakat expenses. in spite of: • Increase in financing costs.
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)	None
Reclassification of Comparison Items	None
Additional Information	None

Saudi Advanced Industries Co. announces its Annual Financial results for the period ending on 2025-12-31

saic — Wed, 01 Apr 2026 06:51:51 +0000

Element List	Current Year	Previous Year	%Change
Sales/Revenue	-123.45	342.44	–
Gross Profit (Loss)	-123.45	342.44	–
Operational Profit (Loss)	-146.33	315.56	–
Net Profit (Loss) Attributable to Shareholders of the Issuer	-162.51	295.06	–
Total Comprehensive Income Attributable to Shareholders of the Issuer	-160.72	294.3	–
Total Shareholders Equity (after Deducting Minority Equity)	1,010.99	1,230.71	-17.85
Profit (Loss) per Share	-2.75	5
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason for the decrease in revenue during the current year compared to the last year is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss • Decrease in realized gain from selling financial assets at fair value through profit or loss. • Decrease in profits from selling shares in associated companies. in spite of: • Increase in the company share of associate companies’ profits • Increase in dividends earned.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in net profit during the current year compared to the last year is due to: • Decrease in revenue • Increase in financing costs. in spite of: • Decrease in general and administrative expenses • Decrease in the zakat expenses.
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)	None
Reclassification of Comparison Items	None
Additional Information	The decline in the company’s results and the net loss incurred for the fiscal year 2025 are primarily attributed to an increase in unrealized losses from financial assets measured at Fair Value Through Profit or Loss (FVTPL), totaling SAR 187.35 million for 2025. The main driver of this decline was the drop in the market value of the investment in Balady Poultry Co. The company recorded unrealized losses of SAR 153.88 million from this investment , representing 82% of the total unrealized losses for the year 2025. This stands in contrast to the SAR 133.8 million in unrealized gains recorded from the same investment in 2024.

Saudi Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

saic — Tue, 11 Nov 2025 10:03:00 +0000

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	9.75	81.71	-88.067	-106.32	–
Gross Profit (Loss)	9.75	81.71	-88.067	-106.32	–
Operational Profit (Loss)	4.15	74.25	-94.41	-112.17	–
Net profit (Loss)	0.89	67.94	-98.69	-115.39	–
Total Comprehensive Income	0.24	67.01	-99.641	-117.14	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	-81.36	323.19	–
Gross Profit (Loss)	-81.36	323.19	–
Operational Profit (Loss)	-99.59	301.3	–
Net profit (Loss)	-109.25	285.18	–
Total Comprehensive Income	-112.26	283.33	–
Total Shareholders Equity (after Deducting Minority Equity)	1,059.45	1,219.74	-13.141
Profit (Loss) per Share	-1.85	4.83
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
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	The reason for the decrease in revenue during the current quarter compared to the same quarter of the previous year is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits in spite of: • Increase in dividends earned. • Decrease in realized losses from selling financial assets at fair value through profit or loss.
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 reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to: • Decrease in revenue • Increase in financing costs. in spite of: • Decrease in general and administrative expenses • Decrease in the zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenue during the current quarter compared to the previous quarter is due to: • Increase in dividends earned. • Increase in profits from selling shares in associated companies. • Increase in the company share of associate companies’ profits. • Decrease in unrealized losses from financial assets at fair value through profit or loss. in spite of: • Increase in realized losses from selling financial assets at fair value through profit or loss.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to: • Increase in revenue • Decrease in general and administrative expenses in spite of: • Increase in financing costs.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the decrease in revenue during the current period compared to the same period of the previous year is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss • Decrease in realized gain from selling financial assets at fair value through profit or loss. • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits in spite of: • Increase in dividends earned.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profit during the current period compared to the same period of the previous year is due to: • Decrease in revenue • Increase in financing costs. in spite of: • Decrease in general and administrative expenses • Decrease in the zakat expenses.
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)	None
Reclassification of Comparison Items	None
Additional Information	None

Saudi Advanced Industries Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

saic — Mon, 11 Aug 2025 06:30:24 +0000

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-106.32	119.6	–	15.2	–
Gross Profit (Loss)	-106.32	119.6	–	15.2	–
Operational Profit (Loss)	-112.17	114.85	–	8.43	–
Net profit (Loss)	-115.39	108.52	–	5.25	–
Total Comprehensive Income	-117.14	107.93	–	4.65	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	-91.12	241.49	–
Gross Profit (Loss)	-91.12	241.49	–
Operational Profit (Loss)	-103.74	227.06	–
Net profit (Loss)	-110.14	217.24	–
Total Comprehensive Income	-112.5	216.32	–
Total Shareholders Equity (after Deducting Minority Equity)	1,059.21	1,152.73	-8.112
Profit (Loss) per Share	-1.87	3.68
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
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	The reason for the decrease in revenue during the current quarter compared to the same quarter of the previous year is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss (FVTPL) • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits • Decrease in dividends earned.
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 reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to: • Decrease in revenue • Increase in financing costs. • Increase in general and administrative expenses in spite of: • Decrease in the zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the decrease in revenue during the current quarter compared to the previous quarter is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss (FVTPL) • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits in spite of: • Increase in dividends earned.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to: • Decrease in revenue • Increase in financing costs. in spite of: • Decrease in general and administrative expenses • Decrease in the zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason for the decrease in revenue during the current period compared to the same period of the previous year is due to: • Increase in unrealized losses from financial assets at fair value through profit or loss (FVTPL) • Decrease in profits from selling shares in associated companies. • Decrease in the company share of associate companies’ profits • Decrease in dividends earned.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profit during the current period compared to the same period of the previous year is due to: • Decrease in revenue • Increase in financing costs. in spite of: • Decrease in general and administrative expenses • Decrease in the zakat expenses.
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)	None
Reclassification of Comparison Items	None
Additional Information	None