| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of the initial financial results for the period ended 31-03-2022 (three months) on 22-10-1443 H, corresponding to 23-05-2022 AD on the website of the Saudi Financial Company (Tadawul). |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2022-05-23 Corresponding to 1443-10-22 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | The company wishes to clarify to shareholders that the reason for reducing the net loss during the current quarter 2022 compared to the previous quarter of 2021 is due to the formation of provisions in the previous quarter for 2021 for the following items: |
- expected credit losses
- Impairment in inventory value.
the increase in administrative and general expenses during the current quarter 2022 compared to the previous quarter 2021, in addition to the rise in other revenues.
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