CHEMICAL 2024 Profits Rise 59% to SAR 291 Million

Saudi Chemical Co. announced on Tuesday that its net profit rose to SAR 291 million by the end of 2024, compared to SAR 183 million in 2023 by 59%, following the announcement today of the annual financial results ending on Dec. 31, 2024.

The operational profit increased by 38% to SAR 436 million by the end of 2024, compared to SAR 317 million in 2023.

The total equity (after excluding non-controlling interests) in the current year increased by 16% to SAR 2.09 billion, compared to SAR 1.8 billion in 2023.

The profits per share for the current year amounted to SAR 0.35, compared to SAR 0.22 in 2023.

The Company stated in a statement on “Tadawul” that total revenues increased by SAR 1.5 billion, compared to the previous year by 31% due to the increase in the quantities of products sold.