According to the results of the company for the Saudi market (Tadawul) today, Sunday, last year’s profits reached 80.09 million riyals, compared to 62.18 million riyals in 2018.

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The company said in the statement that the higher profits are due to lower operating costs, higher gross profit margin, collection of receivables from government sectors and settlements with the insurance sector, which led to a decrease Provision for expected credit losses.

The company’s board of directors recommended distributing cash dividends to shareholders for the year 2019, at two riyals per share, with a value of 89.7 million riyals, to be distributed to 44.85 million shares.

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