| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reasons for achieving net profits during the current quarter compared to net losses for the same quarter last year are due to achieving returns on investment in the liquidity available to the company in Murabaha transactions that comply with Islamic Sharia controls. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reasons for achieving net profits during the current quarter compared to net losses for the previous quarter are due to achieving returns on investing in the liquidity available to the company in Murabaha transactions that comply with Islamic Sharia controls. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the increase in net losses for the current period compared to the net losses for the similar period of the previous year is due to a decrease in other revenues for the current period as a result of not collecting dividends distributed from investee companies compared to the similar period last year, in addition to recording financing charges during the current period as a result of the company’s full payment. The amount of financing due from it during this period, which resulted in recording additional bank charges, as well as the result of the financial burdens associated with issuing the necessary licenses to implement the company’s projects, prepare the project land, and begin restructuring and organizing the company’s departments, in line with the company’s strategic plan, which was announced earlier |
| Statement of the type of external auditor's report | Emphasis of Matter |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | Note 12 of the accompanying interim condensed financial information, in respect to the government grant ”agriculture lands”, that on the date of August 2,2022, the Company has received the Ministry of Environment Water & Agriculture decision issued on June 30,2022, which included that the deed can not be issued in the name of the Company. however, the Company can benefit from the land until the Saudi Aramco Company realizes its actual needs, accordingly, the Company has reclassified the government grants within the intangible assets (government grants) instead of classifying within the property, plant, and equipment according to the obtaining of the agriculture land utilization right until the Saudi Aramco Company realizes its actual needs, or in case of the seizure of the land or a part of it. Management could not identify the useful life for the agriculture land utilization |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to international financial reports standards |
| Additional Information | The operational sales for the current quarter are also shown at a value of (zero), due to the absence of any operational revenues during the current quarter as a result of the continued suspension of the company's main activities that took place during the year 2018. |