The profits of “Al -Majid for Oud” jump to 120.9 million riyals in the first quarter

The profits of Al -Majed for the Oud in the first quarter of this year jumped by 88.8% to 120.9 million riyals, compared to 64 million riyals in the same quarter of 2024.
According to the company’s statement on Saudi Arabia’s circulation, the reason for the rise in the net profit during the current quarter is compared to the same quarter of the previous year to the rise in sales in the Ramadan season, which is the main sales season of the company with an improvement in operational performance.
The reason for the rise in the net profit during the current quarter, compared to the previous quarter, is due to the rise in sales in the Ramadan season, which is the main sales season of the company compared to the end of the year in the previous quarter in addition to the improvement in operational performance.