Thoub Al-Aseel 2024 Profit Rises 9% to SAR 84 Million

Thoub Al-Aseel Co. announced on Sunday that its net profit rose by 9% to SAR 84 million by the end of 2024, compared to SAR 77 million in 2023. This came after the announcement today of the preliminary financial results for the duration ending Dec. 31, 2024.

The operational profit increased by 2.5% to SAR 104 million by the end of 2024, compared to SAR 101 million in the year before last.

The equity (after excluding non-controlling interests) in the current year increased by 1.4% to SAR 593 million, compared to SAR 585 million in 2023.

The profits per share for the current year amounted to SAR 0.21, compared to SAR 0.19 in 2023.

The Company stated in a statement today on “Tadawul” that sales decreased slightly during the current year by 1.83%, due to the decline in sales volume as a result of updating and developing the credit policy.