Saudi Arabia .. Akmaz arrow climbs to the highest price in two months

The shares of the Azim commercial company included in the Saudi market “Tadawul” with 6.01% during trading today, Tuesday, to trade at the price of 6 riyals per share, achieving its highest price in two months.

And traded on 2.76 million shares of the Azim commercial company at that time, with a value of trading 16.44 million riyals.

The highest price for the share at that time was at 6.14 riyals, while the lowest price was at 5.72 riyals per share.

The Azim commercial company increased in its net profits by 24% during the second quarter of 2025 compared to the same period in the previous year, despite the decline in profits by 34.34% compared to the first quarter of the same year.

The net profit in the second quarter reached about 5.67 million riyals, compared to 4.6 million riyals during the second quarter of 2024, while net profits in the first quarter of 2025 amounted to about 8.63 million riyals.

The company attributed this annual growth growth to increasing sales by 8.04% compared to the same quarter of the previous year, as well as an improvement in the cost of sales.

As for the revenue level, in the second quarter of the fiscal year ending on June 30, 2025, it amounted to about 62.18 million riyals, compared to 57.55 million riyals in the same period from 2024, recording an increase of 8.04%, due to the high demand for some groups provided by the company.

During the first half of the year 2025, a greater net profit increased to 14.30 million riyals, compared to 13.09 million riyals during the first half of 2024, an increase of 9.23%.

The first quarter of 2025 also witnessed a slight growth in net profit on an annual basis by 1.3%, with a net profit of 8.63 million riyals compared to 8.52 million riyals in the same quarter of the previous year.