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Arriyadh Development Co. 2023 Annual Results

Revenue
SAR 487M
Net Profit
SAR 272M
EPS
SAR 1.53
Operating Cash Flow
SAR 226M

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.

Key Financial Metrics

Metric20232022
RevenueSAR 487MSAR 89M
Net ProfitSAR 272MSAR 300M
Gross ProfitSAR 170M
Net Margin55.8%338.6%
ROE11.4%13.7%
EPSSAR 1.53
Total AssetsSAR 2.79BSAR 2.60B
Total EquitySAR 2.38BSAR 2.20B
Total LiabilitiesSAR 411M
Operating Cash FlowSAR 226M

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.