2023-05-07 17:59:34
The Saudi Industrial Development Company “Sadaq” recorded losses following calculating zakat and tax of regarding 39 million riyals during the year 2022 AD, compared to another loss of regarding 25 million riyals in the year 2021 AD, an increase of 58%, and this came following announcing the annual financial results that ended on the last day of The year is 2022.
According to the statement, which was published on the “Saudi Tadawul” platform, the operating loss amounted to regarding 42 million riyals during the past year, specifically at the end of 2022, compared to a loss of regarding 29 million riyals in the previous year, an increase of regarding 45%.
Loss following reviewing the financial statements
The loss per share this year amounted to regarding 0.97 riyals, compared to a loss of regarding 0.61 riyals in the previous year.
For its part, the Saudi Industrial Development Company stated that all the consolidated financial statements of the group for the year ending on December 31, 2021 AD were reviewed by another auditor, who stated his opinion following he had reservations regarding those consolidated financial statements in his report that he issued on Shaaban 28. 1443 AH corresponding to March 31, 2022 AD.
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