AYYAN Investment Co. Records Losses of SAR 48 Million During Q2, an Increase of 17%

AYYAN Investment Co. recorded losses of 48 million riyals during the second quarter of 2024, compared to losses of 41 million riyals in the same quarter of last year, marking an increase of 17%. This announcement followed the release of the preliminary financial results for the period ending on June 30, 2024 (six months).

The operating loss amounted to 38 million riyals in the second quarter, compared to losses of 37 million riyals in the same quarter of the previous year, an increase of 3%.

The net loss for the 6-month period amounted to 104 million riyals, compared to losses of 88 million riyals in the same period last year, an increase of 19%.

The loss per share in the current period amounted to 1.29 riyals, compared to 1.09 riyals in the same period last year.

The company stated on “Tadawul” that the increase in revenues for the current quarter compared to the same quarter of the previous year is attributed to the rise in revenues of Al Salam Medical Services Company (a subsidiary), driven by an increase in the number of patients.