| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The reason for the increase in revenues during the current quarter compared to the same quarter of the previous year is that the commercial activity of Sado Al Arab Company began on June 1, 2024, and did not include revenues for the brokerage company, as commercial activity began in July 2024, while the current quarter included revenues for both companies for a full three months. |
| 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 reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is due to a decrease in the value of time deposit returns as a result of strengthening subsidiaries. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenues for the current quarter compared to the previous quarter is due to an increase in sales from subsidiaries. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for achieving a net profit during the current quarter compared to a loss during the previous quarter is the increase in gross profit resulting from an increase in sales and a decrease in the cost of sales. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The reason for the increase in revenues during the current period compared to the same period of the previous year is that the commercial activity of Sado Al Arab Company began on June 1, 2024 and did not include revenues for the brokerage company, as commercial activity began in July 2024, while the current period included the revenues of both companies for a full six months. |
| 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 achieving a net loss during the current period compared to achieving a net profit during the same period of the previous year is due to the increase in operating losses of subsidiaries and the decrease in returns on time deposits. |
| Statement of the type of external auditor's report | Notice |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Note No. 16 attached to the preliminary condensed financial information, regarding the government grant “agricultural lands”, as on August 2, 2022, the company received the decision of the Ministry of Environment, Water and Agriculture issued on June 30, 2022, which stipulated that a deed cannot be issued in the company’s name, but it can benefit from the land until the actual need for Saudi Aramco is met. Accordingly, the company reclassified the government grant under intangible assets (government grant) instead of classifying it under property, machinery and equipment, as it obtained the right to use the agricultural lands until the actual need is met by Saudi Aramco or in the event of the release of the lien on the land or part of it |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | - |