SIECO Loss Rises 25% to SAR 19.5 Million by End-2024

Saudi Industrial Export Co. (Sadirat) (SIECO) recorded on Thursday losses of SAR 19.5 million by the end of 2024, compared to losses of SAR 16 million the year before last, a 25% increase. This came after today’s announcement of the annual financial results ending December 31, 2024.

The operational loss decreased by 3% to SAR 15 million by the end of 2024, compared to a loss of SAR 16 million the year before last.

The total equity (excluding non-controlling interests) in the current year decreased by 13% to SAR 125 million, compared to SAR 144 million the year before last.

The loss per share in the current year amounted to SAR 0.1, compared to a loss of SAR 0.08 the year before last.