Yaqeen Financial announces a decline in net profits for the year 2024 by 43.83%.

Yaqeen Financial Company announced a decline in net profits - after deducting zakat and tax - by 43.83% to 21,472 million Saudi Riyals during the past year, compared to a net profit of 38,225 million Riyals achieved by the Saudi company in 2023.

In the same year, earnings per share also decreased, recording 1.43 Riyals, down from 2.52 Riyals at the end of 2023. Yaqeen Financial also announced a decline in total comprehensive income by 45.06%, reaching 20,057 million Riyals, compared to 36,510 million Riyals in 2023.

According to Yaqeen Financial's disclosure to the Saudi stock market (Tadawul) issued on Tuesday, the annual net profit decreased due to a one-time sale represented by the sale of the building owned by the Saudi company, which took place in June 2023.

At the close of trading on the Saudi stock market today, Yaqeen Financial's share (TADAWUL: 9602) rose by approximately 0.20%, finishing the session at 25.05 Riyals.