Arriyadh Development Co. 2023 Annual Results
Arriyadh Development Co. (4150) reported full year 2023 revenue of SAR 487M, up 448.6% from SAR 89M in 2022. Net profit came in at SAR 272M, down 9.6% year on year. Earnings per share were SAR 1.53. The company generated SAR 226M 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 0.83 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.83.
Year on Year Comparison
Revenue increased by 448.6% compared to 2022. Net profit decreased by 9.6%. Revenue grew but profit declined — suggesting margin pressure.
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: 2024-03-10.