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Saudi Azm for Communication and Information Technology Co. 2023 Annual Results

Revenue

SAR 190M

Net Profit

SAR 24M

EPS

SAR 0.39

Operating Cash Flow

SAR 31M

Saudi Azm for Communication and Information Technology Co. (7211) reported full year 2023 revenue of SAR 190M, up 256.4% from SAR -122M in 2022. Net profit came in at SAR 24M, up 25.5% year on year. Earnings per share were SAR 0.39. The company generated SAR 31M 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 1.28 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.28.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 190M	SAR -122M
Net Profit	SAR 24M	SAR 19M
Gross Profit		SAR 31M
Net Margin	12.6%	-15.7%
ROE	35.0%	36.8%
EPS	SAR 0.39	SAR 0.32
Total Assets	SAR 159M	SAR 108M
Total Equity	SAR 68M	SAR 52M
Total Liabilities	SAR 90M	SAR 56M
Operating Cash Flow	SAR 31M	SAR 33M

Year on Year Comparison

Revenue increased by 256.4% compared to 2022. Net profit increased by 25.5%. 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: 2026-02-03.