Alujain Holding Company's profits increased by 8.4%, with net profit reaching 207.29 million riyals during the year 2020, compared to 191.16 million riyals in 2019.
According to Arabiya Net, the company said that the increase in profits is due to the increase in the share of Alujain from the net profits of the associate company, the National Petrochemical Industries Company, which increased by 19.76 million riyals, as the company owns Alujain. Holding 57.4% in NATPET shares.
In addition to this, the zakat provision decreased by 12.76 million during the current year compared to the previous year, as the last year's provision includes the additional differences issued by the General Authority for Zakat and Income for the years from 2003 to 2016, despite the increase in general and administrative expenses during the current year as a result of non-recurring expenses .
