Alwasail Industrial Reports 16.5% Profit Growth to SAR 39.1 Million in 2024

Alwasail Industrial Co. announced a 16.5% increase in net profit for 2024, reaching SAR 39.1 million, compared to SAR 33.5 million in 2023. The company disclosed its annual financial results for the period ended December 31, 2024.

Despite the profit increase, operational profit declined by 14.2% to SAR 36 million, down from SAR 42 million in the previous year. Total shareholders’ equity (excluding minority interest) saw a slight increase of 0.32%, reaching SAR 361.2 million, compared to SAR 360 million last year.

Earnings per share rose to SAR 0.16 in 2024, up from SAR 0.13 in 2023.