Hedab Alkhaleej Trading Co. reveals its annual financial results for the fiscal year concluding on December 31, 2024.

April 1, 2025 - The rise in revenues this year compared to the previous year is attributed to a 20.6% growth in sales within the ceramics and marble sector and a 203.6% surge in sales in the transportation sector.

The decline in net profit (or increase in net loss) compared to the previous year is due to a 3.1% rise in the cost of revenue, a 23% increase in financing costs, and a 1059.7% surge in the provision for expected credit losses.

The external auditor highlighted the following: "Without modifying our report, we draw attention to Note No. (1), which states that Hadab Al Khaleej Trading Company’s shares were listed on the Nomu - Parallel Market of the Saudi Stock Exchange (Tadawul) on Ramadan 5, 1446 AH (March 5, 2025) under trading symbol 9631 and international symbol SA1690Q4MFH7. Our opinion remains unchanged in this regard."