This comes despite the decline in sales, marketing and public expenses, resulting in a high net profit from major operations, but the high cost of funding and the composition of Credit losses worth 21 million riyals and the decline in investment revenues for 2019 as well as 2019 included in other income 2018 (fuel-mounting margin modification) and zakat high, resulting in a decrease net profit for 2019.
On the other hand, the company announced that the Board of Directors recommended the distribution of additional cash dividends of 12 million riyals on shareholders and reached the share of the shares of 20 halal profits.
The company noted that they had distributed a phased profits on the shareholders of the company for the nine months ended 30 September 2020 per share, per share, equivalent to 4% of the company's capital with a total amount of SR 24 million and was distributed according to the company's announcement November 8, 2020, thereby becoming a total of 2020 cash dividends after approval of additional cash dividends is 0.60 riyals per share, which represents 6% of the company's capital.
