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TADAWUL GROUP-
Saudi Tadawul Group Holding’s net income fell 8% y-o-y to SAR 390 mn in 2023, and revenues dipped 1.6% to SAR 1.1 bn, it said in an earnings release (pdf). The Group’s BoD has approved a dividend payout of SAR 276 mn at SAR 2.3 per share for 2023, it said in a disclosure.
MARAFIQ-
Marafiq saw its net income drop 38% y-o-y to SAR 526 mn in 2023, while revenues inched down 1.8% y-o-y to SAR 6.4 bn, it said in a disclosure to Tadawul. The sharp decline in bottom line was attributed to a 74% increase in financing costs and a 1.78% y-o-y fall in revenues, which it explains comes as a result of decreased demand for power from some major customers in Yanbu Industrial City, and despite the increase in revenues from its water and gas sectors.
ELM-
Digital security firm Elm’s net income increased 46% y-o-y to SAR 1.4 bn in 2023, and revenues rose 28% y-o-y to SAR 5.9 bn, it said in a disclosure to Tadawul. The company’s BoD has approved a dividend payout of SAR 311 mn at SAR 4 per share for 2H 2023, it said in a separate disclosure. Payments will be made to eligible shareholders on Monday, 25 March.
ARDCO-
Arriyadh Development’s net income fell 9.6% y-o-y to SAR 271.5 mn in 2023, while revenues rose 31% y-o-y to SAR 339 mn, it said in a disclosure to Tadawul. The company’s BoD has approved a dividend payout of SAR 89 mn at SAR 0.5 per share for 2023, it said in a separate disclosure.
SAUDI CHEMICAL-
Saudi Chemical’s net income doubled y-o-y to SAR 183 mn in 2023, and revenues rose 31.4% y-o-y to SAR 4.9 bn, it said in a disclosure to Tadawul.
BURUJ-
Buruj Cooperative Insurance turned into the black with a net income of SAR 20 mn in 2023, while revenues declined 10.5% y-o-y to SAR 373 mn, it said in a disclosure to Tadawul.
MULKIA INVESTMENT-
Mulkia Investment’s net income increased 27.5% y-o-y to SAR 21 mn in 2023, and revenues rose 19% y-o-y to SAR 44 mn, it said in a disclosure to Tadawul.
GAS ARABIAN SERVICES-
GAS’ net income increased 21% y-o-y to SAR 81.5 mn in 2023, and revenues rose 45.5% y-o-y to SAR 721.5 mn, it said in a disclosure to Tadawul.
