| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | - | - | - | - | - |
| Gross Profit (Loss) | 858,000 | - | - | - | - |
| Operational Profit (Loss) | -1,468,087 | -4,062,610 | -63.863 | -3,016,488 | -51.331 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -2,368,680 | -4,472,251 | -47.036 | -3,452,607 | -31.394 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -2,368,680 | -4,472,251 | -47.036 | -3,452,607 | -31.394 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | - | - | - |
| Gross Profit (Loss) | 858,000 | - | - |
| Operational Profit (Loss) | -4,484,575 | -8,219,416 | -45.439 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | -5,821,287 | -8,901,269 | -34.601 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | -5,821,287 | -8,901,269 | -34.601 |
| Total Shareholders Equity (after Deducting Minority Equity) | 5,219,124 | 15,935,369 | -67.248 |
| Profit (Loss) per Share | -0.9 | -1.37 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | -96,607,284 | -148.63 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Net gains from investments at fair value through profit and loss during this quarter amounted to (858) thousand Saudi Riyals, while there were no gains from investments at fair value through profit and loss in the corresponding quarter of the previous year. |
| 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 decrease in net loss during the current quarter by approximately (2.1) million Saudi Riyals compared to the same quarter of the previous year is due to: -An increase in revenues by (858) thousand Saudi Riyals -A decrease in general expenses by approximately (1.7) million Saudi Riyals -Despite an increase in zakat expense by approximately (455) thousand Saudi Riyals. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Net gains from investments at fair value through profit and loss during this quarter amounted to (858) thousand Saudi Riyals, while there were no gains from investments at fair value through profit and loss in the corresponding quarter of the previous year. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net loss during the current quarter by approximately (1.1) million Saudi Riyals compared to the previous quarter is due to: - An increase in revenues by (858) thousand Saudi Riyals - A decrease in general expenses by approximately (700) thousand Saudi Riyals - Despite an increase in zakat expense by approximately (459) thousand Saudi Riyals. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Net gains from investments at fair value through profit and loss during this quarter amounted to (858) thousand Saudi Riyals, while there were no gains from investments at fair value through profit and loss in the previous quarter. |
| 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 decrease in net loss during the current period by approximately SAR (3.1) million compared to the same period of the previous year is due to: - An increase in revenues by SAR (858) thousand. - A decrease in general expenses by approximately SAR (2.9) million. - A decrease in the expense related to adjusting cash flows for financial liabilities by approximately SAR (124) thousand. - Despite an increase in zakat expense by approximately SAR (455) thousand and a decrease in other income by approximately SAR (326) thousand. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | MATERIAL UNCERTAINTY RELATED TO GOING CONCERN We draw attention to Note (4) accompanying the Interim condensed consolidated financial statements, which indicates that the Group incurred losses amounting to SAR (5,821,287) during the period ended 30 June 2026. In addition, the accumulated losses as of 30 June 2026 amounted to SAR (96,607,284) representing 149% of the share capital. Accordingly, pursuant to Article (132) of the Companies Law, the Extraordinary General Assembly is required to be convened within one hundred and eighty days from the date of becoming aware thereof to consider the continuation of the Group and to take any necessary measures to address such losses or dissolve the Group. However, due to the Group entering into a financial restructuring proposal and procedures as disclosed in Note (1), and pursuant to Article (45) of Chapter Four of the Bankruptcy Law and its Implementing Regulations, the Group is exempt from applying the provisions of the Companies Law relating to losses reaching the statutory threshold. Furthermore, the Group’s ability to continue as a going concern is dependent upon the implementation of the financial restructuring proposal. As stated in Note (4), these events or conditions, together with the other matters set forth in Note (1), indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion has not been modified in respect of this matter. EMPHASIS OF MATTER We draw attention to Note (1) accompanying the interim condensed consolidated financial statements, which indicates that the Company is subject to financial restructuring proceedings pursuant to the judgment issued on 7 April 2021 (corresponding to 25 Shaaban 1442H) in Case No. 1970 for the year 1442H, ordering the commencement of the Company’s financial restructuring procedure and the appointment of Mr. Hany bin Saleh Al-Quiali as the financial restructuring trustee. Our conclusion has not been modified in respect of this matter. |
| Reclassification of Comparison Items | Some balances in the financial statements have been reclassified to conform to the current period. |
| Additional Information | - |
| Attached Documents | Attached Documents |