Saudi Arabia.. “Zamil” shares rise to the highest level in 38 months

The shares of Zamil Industrial Investment Company, listed and traded in the Saudi market “Tadawul”, rose by 2.03% in midday trading on Wednesday, to trade at a price of 37.7 riyals per share, the highest level in 38 months. Trading on Zamil Industrial shares at that time occurred through 717 transactions. 219.32 thousand shares were traded, with a trading value of 8.23 ​​million riyals.

The highest price per share at that time was 37.9 riyals, while the lowest price per share reached 37.05 riyals, touching its highest price in 3 years and two months.

Zamil Industrial Investment Company (Zamil Industrial) achieved profits during the third quarter of 2024 compared to the same period of the previous year, with net profit amounting to 7.05 million riyals.

While the company had recorded losses worth 33.17 million riyals in the third quarter of 2023.

As for the quarterly performance, the company’s profits increased by about 15.66% in the third quarter of last year compared to the second quarter of that year, when profits were 6.1 million riyals at the time.

The company also witnessed remarkable growth in revenues during the third quarter of 2024, as they rose by 33.9% to reach 1.64 billion riyals, compared to revenues of 1.23 billion riyals in the third quarter of 2023.

Over the first nine months of 2024, the company achieved profits amounting to 18.58 million riyals, after recording losses worth 231.08 million riyals in the same period of the previous year.

The company’s revenues increased by 26.27% during the first nine months of 2024, reaching 4.28 billion riyals, compared to revenues amounting to 3.39 billion riyals in the same period of the previous year.