Money and business
“Flexible” profits fell 26.6% to 22.7 million riyals in 2024
The profits of the flexible Murabaha Finance Company (flexible) fell in 2024 by 26.6% to 22.7 million riyals, compared to 30.9 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the reason for a decrease in net profit is due to the increase in special commission expenses, the increase in public expenses, an increase in the losses of low value, and the high losses of the subsidiary (Loop).
According to the company’s statement on Saudi Arabia’s circulation, the reason for a decrease in net profit is due to the increase in special commission expenses, the increase in public expenses, an increase in the losses of low value, and the high losses of the subsidiary (Loop).
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