Al Kathiri Holding Co. shares its yearly financial results for the period ending December 31, 2024.

April 2, 2025 - The revenue increase this year compared to the previous year is attributed to:

• Higher revenue from the concrete sector, driven by increased demand and new projects.

• Growth in the contracting sector’s revenue, supported by the execution of new contracts and business expansion.

• Increased cement sales due to higher prices, contributing to overall revenue growth.

The rise in net loss this year compared to the previous year is due to several key factors, including:

• Higher provisions for credit losses, impacting operating profits.

• Increased financing costs.

• Higher administrative expenses resulting from the establishment costs of the "Luxury Yacht" Factory and "Saraya Al-Diyar" Company.

Certain figures from the previous year have been reclassified to align with the presentation of the current year’s consolidated financial statements.