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AlSaif Stores for Development and Investment Co. 2023 Annual Results

Revenue

SAR 720M

Net Profit

SAR 98M

EPS

SAR 0.28

Operating Cash Flow

SAR -9M

AlSaif Stores for Development and Investment Co. (4192) reported full year 2023 revenue of SAR 720M, up 35.1% from SAR 533M in 2022. Net profit came in at SAR 98M, down 24.3% year on year. Earnings per share were SAR 0.28. The company generated SAR -9M 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 -0.09 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.09.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 720M	SAR 533M
Net Profit	SAR 98M	SAR 130M
Gross Profit		SAR 206M
Net Margin	13.6%	24.4%
ROE	24.4%	31.6%
EPS	SAR 0.28	SAR 4.96
Total Assets	SAR 941M	SAR 653M
Total Equity	SAR 403M	SAR 411M
Total Liabilities	SAR 538M	SAR 241M
Operating Cash Flow	SAR -9M	SAR 163M

Year on Year Comparison

Revenue increased by 35.1% compared to 2022. Net profit decreased by 24.3%. 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: 2024-09-04.