Saudi Industrial Investment Group’s Profit Surges 79.4% to SAR 201 Million by Year-End 2024

The Saudi Industrial Investment Group reported a net profit of SAR 11 million for the fourth quarter of 2024, maintaining the same level as the corresponding quarter of the previous year.

According to the company’s preliminary financial results for the fiscal year ending December 31, 2024, it recorded an operating loss of SAR 89 million in Q4, compared to an operating profit of SAR 24 million in the same period last year.

For the full year 2024, the company achieved a net profit of SAR 201 million, reflecting a 79.4% increase from SAR 112 million in the previous year.

Earnings per share stood at SAR 0.27, up from SAR 0.15 in the corresponding period of 2023.