The profits of “Theeb” increased 28.6% to 182.7 million riyals in 2024

The profits of the Auto Rental Company in 2024 increased by 28.6% to 182.7 million riyals, compared to 142 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the rise in the net profit is due to the improvement in the operating rates in the short and long -term rental sectors in addition to the improvement in some operating cost items, along with the increase in total revenues by 14.73%.
Yesterday, the Board of Directors of the Auto Rental Company decided to distribute the final cash dividends to the shareholders for the fourth quarter of 2024 AD.
The total amount distributed is estimated at 25.370 million riyals, while the number of shares due for profits is 43 million shares.
The share share of the distribution is 0.59 riyals per share, while the distribution rate to the nominal share value is 5.9%.
The right date will be 16-03-2025, while the distribution date will be 26-03-2025.