National Leasing Holding Company disclosed its financial statements for the period ending on 6/30/2024. The results showed a growth in net profits by 12.80% to 9.74 million riyals compared to 8.63 million riyals for the year 2023. The return per share amounted to 0.020 compared to 0.017 for the year 2023. Revenues amounted to 36.13, with a growth rate of 12.97% over the year 2023.
The CEO of the company, Mr. Hamad Hassan Al Jamali, stated: “Al Ijarah Holding Company achieved a growth in net profits of 12.80%, thanks to the stable performance of the investment portfolio in fixed income instruments and the strong operational performance of the Al Ijarah Driving Academy. He added: The company is still on the right track in implementing its strategic plan, as it has strengthened its investment portfolio in fixed income instruments by adding new investments in sukuk.”
He said that the company maintains good performance in the real estate sector and stability in the sector’s profits as we seek to enhance the real estate portfolio by developing some of the lands owned by the company and expanding in the real estate sector by purchasing land in the Kingdom of Saudi Arabia in order to enhance the return on assets. In addition to our constant endeavor to enter into investments that will maximize the benefit of shareholders.
