FAD International Net Profit Soars 1,559% to SAR 4.3 Million in 2024

FAD International Co. recorded a 1,559% surge in net profit, reaching SAR 4.3 million for the fiscal year ending December 31, 2024, compared to SAR 262,000 in 2023, according to its annual financial results.

Key Financial Highlights:

• Operating profit increased 43% to SAR 7.7 million, up from SAR 5.4 million in 2023.

• Shareholders’ equity (excluding non-controlling interests) grew 24% to SAR 21 million, compared to SAR 17 million in 2023.

• Earnings per share (EPS) jumped to SAR 3.62, from SAR 0.22 in 2023.