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Home / Saudi Azm for Communication and Information Technology Co. / 2024 Annual Results

Saudi Azm for Communication and Information Technology Co. 2024 Annual Results

Revenue
SAR 218M
Net Profit
SAR 30M
EPS
SAR 0.47
Operating Cash Flow
SAR 2M

Saudi Azm for Communication and Information Technology Co. (7211) reported full year 2024 revenue of SAR 218M, up 14.3% from SAR 190M in 2023. Net profit came in at SAR 30M, up 25.9% year on year. Earnings per share were SAR 0.47. The company generated SAR 2M 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 0.05 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.05.

Key Financial Metrics

Metric20242023
RevenueSAR 218MSAR 190M
Net ProfitSAR 30MSAR 24M
Net Margin13.9%12.6%
ROE34.1%35.0%
EPSSAR 0.47SAR 0.39
Total AssetsSAR 242MSAR 159M
Total EquitySAR 88MSAR 68M
Total LiabilitiesSAR 150MSAR 90M
Operating Cash FlowSAR 2MSAR 31M

Year on Year Comparison

Revenue increased by 14.3% compared to 2023. Net profit increased by 25.9%. 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.