The profits of “farm markets” increased 16.7% to 25.4 million riyals in 2024

The profits of the Saudi Marketing Company (farm markets) increased in 2024 by 16.7% to 25.4 million riyals, compared to 21.7 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during the current year is compared to the previous year of the following reasons:
– The increase in revenues of the current year compared to the previous year by 21.8 million riyals as a result of increasing the revenues of the entertainment cities sector and the revenues of the farm market branches for the current year compared to the previous year in addition to the total profit for the current year compared to the previous year by 36.3 million riyals.
Knowing that the total operational expenses for the current year increased compared to the previous year by 11.7 million riyals.
Yesterday, the Board of Directors recommended not to distribute cash dividends to shareholders for the fiscal year ending 12/31/2024 AD.
The company said that the reason for the recommendation not to distribute: to support and strengthen the financial position of the company and support the company’s expansion, as well as renewal and improvements to the existing branches.