The financial statements of Dor Hospitality showed that last year's earnings fell 7.8% year on year.

According to the results of the company in the Saudi market (Tadawul), the profits of last year amounted to 53 million riyals, compared to 57.46 million riyals in 2018 profits.

The company said in the statement that the decline in profits is due to the high cost of revenue due to the calculation of pre-opening expenses, operating expenses and the consumption of projects that were entered into operation.

The company’s board of directors recommended in its meeting held yesterday, Tuesday, to distribute 5% cash dividends for the previous year by 0.5 riyals per share, with a total value of 50 million riyals.