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Arabian Internet and Communications Services Co. 2023 Annual Results

Revenue

SAR 11.04B

Net Profit

SAR 1.20B

EPS

SAR 10.02

Operating Cash Flow

SAR 1.72B

Arabian Internet and Communications Services Co. (7202) reported full year 2023 revenue of SAR 11.04B, up 62.5% from SAR 6.79B in 2022. Net profit came in at SAR 1.20B, up 13.4% year on year. Earnings per share were SAR 10.02. The company generated SAR 1.72B 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 1.44 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.44.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 11.04B	SAR 6.79B
Net Profit	SAR 1.20B	SAR 1.05B
Gross Profit		SAR 2.01B
Net Margin	10.8%	15.5%
ROE	36.0%	37.7%
EPS	SAR 10.02
Total Assets	SAR 11.52B	SAR 10.28B
Total Equity	SAR 3.32B	SAR 2.79B
Total Liabilities	SAR 8.16B
Operating Cash Flow	SAR 1.72B

Year on Year Comparison

Revenue increased by 62.5% compared to 2022. Net profit increased by 13.4%. 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: 2024-02-20.