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Saudi Industrial Development Co. 2023 Annual Results

Revenue

SAR 151M

Net Profit

SAR -74M

EPS

SAR -1.86

Operating Cash Flow

SAR -11M

Saudi Industrial Development Co. (2130) reported full year 2023 revenue of SAR 151M, up 13.3% from SAR 133M in 2022. Net profit came in at SAR -74M, down 92.0% year on year. Earnings per share were SAR -1.86. The company generated SAR -11M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 151M	SAR 133M
Net Profit	SAR -74M	SAR -39M
Gross Profit		SAR 22M
Net Margin	-49.3%	-29.1%
ROE	-75.9%	-23.2%
EPS	SAR -1.86
Total Assets	SAR 206M	SAR 276M
Total Equity	SAR 98M	SAR 167M
Total Liabilities	SAR 101M
Operating Cash Flow	SAR -11M

Year on Year Comparison

Revenue increased by 13.3% compared to 2022. Net profit decreased by 92.0%. Revenue grew but profit declined — suggesting margin pressure.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-04-15.