Riyadh – Mubasher: Amlak International For Real Estate Financing has reported a 30.86% year-on-year profit decline during the first nine months of 2019.
The company’s profit after zakat and tax reached SAR 48.03 million from January to September, compared to SAR 69.47 million in the year-ago period, according to a company statement.
Quarterly, profit grew 7.4% YoY to SAR 24.76 million in the third quarter of 2019.
It is worth highlighting that the Capital Markets Authority of Saudi Arabia approved Amlak International’s request to offer 30% of its shares on the Saudi Stock Exchange.
