| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The reason for the decrease in sales during this year compared to the previous year is due to:- A decrease in cement sales compared to the previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company incurred losses during the current year compared to the profits achieved during the previous year due to:- Expenses related to the initial listing of Kathiri Sukuk (non-recurring expenses), as accounting treatments require recognizing them once.- Increase in financing expenses. |
| Statement of the type of external auditor’s report | Unmodified opinion |
| 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) | There is no |
| Reclassification of Comparison Items | Some figures of the comparative year have been restated to align with the presentation of the unified financial statements for the current year. |
| Additional Information | The earnings per share and the weighted average number of shares for the year ended December 31, 2023 have been adjusted to align with the weighted average number of new shares after its increase during the year 2023 (Disclosure 1). as required in accordance with International Accounting Standard No. 33 (Earnings per Share). To be consistent with the Weighted average number of shares after splitting the calculation of the basic / diluted earnings per share is based on the profit(loss) attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding. The earnings per share for the Year ended on December 31, 2023 AD.The diluted earnings (loss) per share is the same as the basic earnings(loss) per share since the company has no transferable securities and no diluted financial instruments to exercise. |
