| 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 decrease in revenue during the current quarter compared to the same quarter of the previous year is due to a 38% decline in revenue from Saudi Wasit Entertainment and Beauty Systems Company, as well as a 100% decrease in rental income from the Al-Khumra land in Jeddah and a 100% decrease in rental income from the Al-Hayat forsan hotel. |
| 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 due to a 38% decline in revenue from Saudi Wasit Entertainment and Beauty Systems Company, as well as a 100% decrease in rental income from the Al-Khumra land in Jeddah, a 100% decrease in rental income from the Al-Hayat forsan hotel, the increase in general and administrative expenses during the current quarter compared to the same quarter of the previous year, and the loss from the fair value of investments during the current quarter compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in revenue during the current quarter compared to the previous quarter is due to a decline in revenue from Saudi Wasit Entertainment and Beauty Systems Company in the current quarter compared to the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to the loss from the fair value of investments in the current quarter, and Profits generated from fair value on investment properties in the previous quarter compared to the current quarter. |
| 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 decrease in revenue during the current period compared to the same period of the previous year is due to a 35% decline in revenue from Saudi Wasit Entertainment and Beauty Systems Company in the current period compared to the same period of the previous year, a 100% decrease in rental income from Al-Khumra land and a 100% decrease in rental income from the Al-Hayat forsan hotel. |
| 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 decrease in net profit during the current period compared to the same period of the previous year is due to the gains recorded from the revaluation of investment properties in the same period of the previous year compared to the current period, a 35% decrease in the revenues of Saudi Wasit Entertainment and Beauty Systems Company, a 100% decrease in rental income from the Al-Khumrah land, a 100% decrease in rental income from the Al-Hayat forsan hotel, and an increase in general and administrative expenses during the current period compared to the same period of the previous year. |
| 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 2-7 to the interim condensed consolidated financial information which indicates that at the reporting date, the Group has accumulated losses amounted to SR 60.6 million as of the reporting date and its current liabilities exceeded current assets by SR 159.4 million. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conculsion is not modified in respect of this matter. Emphasis of Matters: We draw attention to note 22 to the interim condensed consolidated financial information, which outlines the material adjustments made to the interim condensed consolidated statement of comprehensive income for the period ended 30 June 2024, and to the consolidated statement of financial position as of 31 December 2023. Our conclusion is not modified in respect of this matter. |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to match the current years classification. |
| Additional Information | As of 30 JUN 2025, accumulated losses total 60.613 million Saudi riyals, which is 19% of the capital. |
