The high profits of “His Highness” to 22.36 million riyals in the first quarter of 2025

The net profit of His Highness the Real Estate Company increased in the first quarter of 2025 by 17% to 22.36 million riyals, compared to 19.11 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the reasons for the high net profit are due to the following:
– The increase in the revenues of real estate projects by 22% as a result of the company’s development and implementation of new real estate projects and the high rates of completion of projects.
– High contract revenues.
The net profit decreased by 4% compared to the previous quarter, and this is mainly due to the decrease in the share in the returns of investment, which is held accountable for property rights, which met with an increase in the total profit for the current quarter by 15% due to the low revenue costs.