Yaqeen Reports 43.8% Decline in Net Profit to SAR 21.4 Million by End of 2024

Yaqeen announced that its net profit declined by 43.82% to SAR 21.47 million in 2024, down from SAR 38.22 million in 2023, according to preliminary financial results for the period ending December 31, 2024.

Despite the decline in net profit, the company reported a 74.1% increase in operating income, reaching SAR 28.7 million in 2024, compared to SAR 16.5 million in the previous year.

Total shareholders’ equity (excluding minority interests) rose by 7.7% to SAR 278.8 million, up from SAR 258.8 million in 2023.

Earnings per share stood at SAR 1.43, compared to SAR 2.52 in the previous year.