(Saudi Riyal)

31 December
Note
2023
2022
Assets
Non-current assets
Property and equipment 4 53,839,230 40,355,671
Intangible assets and Goodwill 5 81,002,357 5,724,786
Right-of-use assets 6 96,914,858 133,504,502
Investments at FVTPL 7 84,096,616 22,728,737
Total non-current assets 315,853,061 202,313,696
Current assets
Inventory 9,819,248 924,771
Trade receivables 8 36,425,399 22,776,390
Prepaid expenses and other receivables 9 72,074,580 82,184,561
Cash and cash equivalents 10 1,109,059,521 902,685,742
Deposits with financial institutions 11 107,564,031 200,000,000
Total current assets 1,334,942,779 1,208,571,464
Total assets 1,650,795,840 1,410,885,160
Equity and liabilities
Shareholders’ Equity
Share capital 12 104,918,030 104,918,030
Statuary reserve 13 18,420,724 18,420,724
Share premium 12 740,175,504 740,175,504
Treasury shares 12 (1,920,000) (1,920,000)
Employees’ shares reserve 14 31,381,389 11,896,912
Retained earnings 258,542,572 131,634,562
Equity attributable to equity holders of the Parent Company 1,151,518,219 1,005,125,732
Non-controlling interests (6,039,275) (1,160,057)
Total shareholders’ equity 1,145,478,944 1,003,965,675
Liabilities
Non-current liabilities
Non-current portion of lease liabilities 6 63,001,917 96,833,791
Employees’ benefits obligations 15 17,255,681 10,889,389
Total non-current liabilities 80,257,598 107,723,180
Current liabilities
Proceeds due to customers 16 161,549,641 118,800,899
Current portion of lease liabilities 6 32,971,145 32,168,120
Trade payables 17 83,573,373 52,161,285
Accrued expenses and other current liabilities 18 115,785,723 68,257,264
Short term loan 1,916,899
Zakat provision 20 29,262,517 27,808,737
Total current liabilities 425,059,298 299,196,305
Total liabilities 505,316,896 406,919,485
Total equity and liabilities 1,650,795,840 1,410,885,160

The accompanying notes from 1 to 35 form an integral part of these Consolidated Financial Statements.

Chairman Signature

HRH Mishal Bin Sultan Bin Abdulaziz Al Saud
Chairman

CEO Signature

Ghassab Bin Salman Bin Mandeel
CEO

CFO Signature

Heni A. Jallouli
CFO