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(All amounts in Saudi Riyals thousands unless otherwise stated)
| Year ended 31 December |
|||
| Note |
2024 |
2023 |
|
| Hotels and other operating revenues | 23 | 1,604,442 | 1,592,719 |
| Hotel and other operating costs | 24 | (1,055,330) | (1,183,874) |
| Dividend income | 25 | 786,082 | 983,333 |
| Gain on investments at FVTPL | 26 | – | 127,320 |
| 1,335,194 | 1,519,498 | ||
| General, administrative and marketing expenses | 27 | (497,600) | (522,232) |
| (Impairment) / reversal of financial assets | 7 | (1,174) | 5,153 |
| Share of results from equity-accounted investees | 11 | 1,209,032 | 1,032,833 |
| Reversal of impairment for equity accounted investee | 11 | 200,000 | – |
| Gain on sale of investment property | 12 | 123,457 | – |
| Other gains, net | 37 | 19,994 | 463,256 |
| Profit from operations | 2,388,903 | 2,498,508 | |
| Finance income | 12 | 46,872 | 87,204 |
| Financial charges | 28 | (984,515) | (1,289,637) |
| Profit before zakat, withholding and income tax | 1,451,260 | 1,296,075 | |
| Withholding and income tax | 18 | (93,235) | (140,977) |
| Zakat | 18 | (150,859) | (166,855) |
| Profit for the year | 1,207,166 | 988,243 | |
| Profit for the year attributable to: | |||
| – Shareholders of the Company | 1,236,970 | 1,013,243 | |
| – Non-controlling interests | (29,804) | (25,000) | |
| 1,207,166 | 988,243 | ||
| Basic and diluted earnings per share (Saudi Riyals) | 34 | 0.33 | 0.27 |
The accompanying notes form an integral part of these consolidated financial statements, which have been authorized for issue by the Board of Directors on behalf of the shareholders, and signed on its behalf by:
