Dar Al Markabah’s Net Profit Plunges 74% to SAR 299,000 in 2024

Dar Al Markabah Car Rental Company reported a 74% decline in net profit, falling to SAR 299,000 by the end of 2024, compared to SAR 1.1 million in 2023. The announcement came following the release of the company’s preliminary financial results for the period ending December 31, 2024.

Operating profit dropped 52% to SAR 1.88 million, down from SAR 3.93 million in 2023. Despite the decline, shareholders’ equity (excluding non-controlling interests) saw a slight 0.73% increase, reaching SAR 42 million in 2024, compared to SAR 41.6 million in the previous year.

Earnings per share (EPS) fell to SAR 0.12 in 2024, down from SAR 0.52 in 2023.