Saudi Arabia … Sinomi Retil

The shares of Fawaz Abdulaziz Al -Hokair and its partners (Sinomi Retil) listed in the Saudi stock market “Tadawul” by 2.18% during the trading of the session today, Wednesday, to trade at the price of 27.16 riyals per share, achieving its highest price in 39 months.

The trading on Sinomi Retil’s shares at that time came through 4.14 million shares with a trading value of 112.81 million riyals.

The highest price for the share at that time was at 27.96 riyals, while the lowest price was at 26.44 riyals, to touch the highest price in 3 years, 3 months and 19 days.

Sinomi Retil managed to switch to profitability during the first quarter of 2025, registering a net profit of 1.8 million riyals, compared to losses of 151.7 million riyals in the same period in 2024.

The company explained that this positive transformation came as a result of a total increase in 87.9% to 177.8 million riyals, compared to 94.6 million riyals in the first quarter of 2024, supported by the improvement of the total profit margin, which rose to 13.3%.

Fawaz Abdulaziz Al -Hokair Company and Co.

The company also witnessed a remarkable improvement in operational expenses, as sales expenses and administrative expenses decreased by 34.1%, in addition to the decline in net financing costs by 34.7%, as a result of payment of debts worth 216.6 million riyals, which contributed to reducing the total debt to 1.6 billion riyals.

With regard to operating performance, the company recorded a growth in revenue by 11.2% to 1.33 billion riyals during the first quarter of 2025, compared to 1.2 billion riyals in the same period from 2024, and increased slightly by 1.09% compared to the fourth quarter of last year.

“Sinomi Retil” attributed this growth to positive seasonal factors, most notably the advent of the month of Ramadan during the quarter, in addition to seasonal promotional shows and the increase in the fashion sector.

The company also reported a noticeable growth in the average revenue of one store, driven by initiatives to improve brands and raise operational efficiency.

On the level of e -commerce, sales through digital channels increased by 21.8% to 111.2 million riyals, which raised their contribution to total revenues to 8.3%, compared to 7.6% in the first quarter of 2024.