Losses of "Saudi Real Estate" rise 80% in the first half

The financial statements of the Saudi Real Estate Company showed an increase in the company's losses in the first half of this year by 80%, on an annual basis, to nearly 14 million riyals.< /p>

The results also showed an increase in the company's net losses in the second quarter of this year by about 96%; To reach approximately 9 million riyals.

The company attributed the increase in its losses in the second quarter of this year to the increase in general and administrative expenses and the increase in financing burdens by 20.7 million riyals.