The losses of Qassim Holding Holding Company for Investment Jaco in 2019 increased by 89.9% to 14.7 million riyals, compared to losses of 7.7 million riyals in 2018.
According to ArabiaNet, the value of operating profits achieved by Jaco reached 10.3 million riyals, compared to 10.4 million riyals in 2018, a decrease in operating profits of 1.3%.
In the fourth quarter, the company incurred losses of 30.2 million riyals.
The company said that the main reason for the increase in loss during 2019 is due to the increase in the value of the loss loss in the value of investment properties registered during the current year compared to the previous year.
