| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The increase in revenues during this year compared to the previous year is attributable to the Company achieving a 34.106% growth in total revenues, driven by business growth and increased operating activity, along with the expansion of activities and services and the strengthening of the Company’s market presence, as well as the acquisition of Amjad Watan for Exhibitions and Conferences, which contributed to supporting and growing revenues during the year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit during this year compared to the previous year by 82.728% is attributable to a number of factors, most notably intensified market competition, which led to lower profit margins. In addition, the delay in awarding procedures for certain projects and the postponement of contract execution to subsequent periods limited the contribution of higher-margin revenues during the year. Profitability was also affected by higher operating costs associated with the opening of the Company’s branch in Dammam, as well as costs related to the acquisition of Amjad Watan for Exhibitions and Conferences. This was alongside the expansion of Amjad Watan’s factory, which aims to increase production capacity, enhance operational efficiency, and meet expected demand in the coming periods, in addition to investments in technology transformation, the development of AI-based products, and workforce training programs. These strategic investments are expected to have a positive impact on financial performance and profit margins in the future. |
