According to Arab Net, the cooperative said in a statement that the reason for the rise of net profit before zakat returned to an increase of net subscription to 1.01 billion riyals this year, for SAR 769.96 per year, an increase of 30.97%.
The results of operating operations rose 82.6% in 2020, up to 351.36 million riyals, compared to SR 192.4 million in 2019.
According to Arab accounts, the net cooperative profit before Zakat in the fourth quarter of 2020, fell 40% to SAR 105.5 million, compared to SR 176.6 million in the fourth quarter of 2019.
The net profit of the company before Zakat, rose to SR 408.96 million in the first nine months of 2020, compared to SAR 225.54 million net profit last year, up 81.3%.
