March 29, 2025 - The company continues its steady growth, with overall revenue increasing by 4.84% compared to 2023. The Mangrove Plantation sector showed exceptional performance, achieving 117.99% revenue growth, and management remains optimistic about its potential for further expansion to strengthen the company's market position.
Despite a 1.75% increase in total comprehensive income, higher contract costs led to a 1.4% decline in net profit compared to 2023, mainly due to increased market competition affecting net margins.
During the year, the company recovered SAR 2,854,994 in bad debts, generated SAR 2,886,243 from investment activities, and invested SAR 8,098,749 in Murabaha funds, yielding SAR 93,756.