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Saudi Real Estate Co. 2023 Annual Results

Revenue

SAR 1.81B

Net Profit

SAR 129M

EPS

SAR 0.18

Operating Cash Flow

SAR -88M

Saudi Real Estate Co. (4020) reported full year 2023 revenue of SAR 1.81B, up 13.7% from SAR 1.60B in 2022. Net profit came in at SAR 129M, up 16.3% year on year. Earnings per share were SAR 0.18. The company generated SAR -88M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Earnings Quality

Of every SAR 1.00 in reported net profit, SAR -0.68 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.68.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.81B	SAR 1.60B
Net Profit	SAR 129M	SAR 111M
Gross Profit		SAR 456M
Net Margin	7.1%	6.9%
ROE	2.7%	2.4%
EPS	SAR 0.18
Total Assets	SAR 8.91B	SAR 8.85B
Total Equity	SAR 4.75B	SAR 4.61B
Total Liabilities	SAR 4.03B
Operating Cash Flow	SAR -88M

Year on Year Comparison

Revenue increased by 13.7% compared to 2022. Net profit increased by 16.3%. Both revenue and profit grew — indicating expanding business.

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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: 2024-03-11.