Naseej losses rise to SAR 42.5 million by the end of 2024

Naseej International Trading Compny net losses rose to SAR 42.5 million by the end of 2024, compared to SAR 15.9 million last year, a 167.3% increase. This came after today’s announcement of the annual financial results ending December 31, 2024.

The operating loss reached SAR 22.4 million by the end of 2024, compared to a profit of SAR 21.2 million last year.

Total equity (excluding non-controlling interests) reached SAR 47.9 million in the current year, compared to SAR 90.1 million in the previous year, a decrease of 46.8%.

Loss per share for the current year reached SAR 3.91, compared to SAR 1.46 last year.