FINANCIAL REVIEW

Preparation of the

Financial Statements

The consolidated financial statements of the group have been prepared in accordance with International Financial Reporting Standards (IFRS®) that are endorsed in the Kingdom of Saudi Arabia (KSA) and other standards and pronouncements that are issued by Saudi Organization for Certified Public Accountants (SOCPA), which proves that the company has a strong financial position and positive financial indicators that help in continuous growth, and strengthen its position in the local and global markets. The following table and graph shows the business results for the last five fiscal years:

External auditors’ report &

annual financial statements

The external auditor’s report appears the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2023, and its consolidated financial performance and its consolidated cash flows for the year ended.

Clarification of the operating results

compared to the results of the previous year

Assets and Liabilities for

the Last Five Years:

Statement	2019	2020	2021	2022	2023
Amount in Million SAR
Current Assets	530	653	1,056	1,706	1,635
Non-Current Assets	3,273	3,305	4,835	6,532	9,835
Total Assets	3,803	3,959	5,891	8,238	11,470
Current Liabilities	328	397	1,603	2,158	590
Non-Current Liabilities	124	142	332	2,462	7,275
Total Liabilities	452	540	1,935	4,620	7,865