The profit of “Jazz” is 40% to 113.9 million riyals in 2024

The profits of Jaz Al -Arabiya Company for Services increased in 2024 by 39.9% to 113.9 million riyals, compared to 81.5 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the main reason for the net profit is to grow revenue.
The company achieved a growth in the total revenue by 51%, as the revenues increased to 1,093 billion riyals in 2024 AD, compared to 721.5 million riyals in 2023 AD.
This growth and stability came for increasing supply requests and new contracts. This growth highlights the strong performance of the company in all its business sectors.
Yesterday, the Board of Directors of the Arab Services Company decided to distribute phased cash dividends to shareholders for the second half of 2024 AD.
The total amount distributed is estimated at 36,244,587 riyals, while the number of shares due for profits is 157,585,160 shares.
The share share of the distribution is 0.23 riyals, while the distribution rate to the nominal share value is 23%.
The date of the right will be: 09-10-10 corresponding to 2025-03-10, while the distribution date will be 1446-09-26 corresponding to 2025-03-26.