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Within a year, the revenues of the Arabian Contracting Services Co. jumped by 56% to achieve SAR 1.126 billion and recording net profits that exceeded SAR 274 million at the end of 2022.

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Academic year: 2023

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2021 Year 2022 Year

Million Saudi Riyal

Revenues Gross Profit Operating Profit Net Profit

Within a year, the revenues of the Arabian Contracting Services Co. jumped by 56% to achieve SAR 1.126 billion and recording net profits that exceeded SAR 274 million at the end of 2022.

- Al Arabia achieved a growth rate of 56%, as the total revenues reached SAR 1.126 billion at the end of 2022.

- Increase in the outdoor advertising sector revenues by 54% to record SAR 1.046 billion.

- Increase in the indoor advertising sector revenues by 113% to record SAR 59.8 million.

- Increase in the printing sector revenues by 46% to record SAR 20.0 million.

- Arabian Contracting Services Co. recorded an increase in the net profit1 by 33%, which is mainly due to the growth in revenues of all the company's sectors, in addition to the growth in the client base, the digital

transformation, and the adoption of smart technological solutions in data collection and analysis had significantly impacted this increase.

- Earning per share2 increased by 33% to 5.49 SAR/share for the year compared to 4.12 SAR share for the previous year.

Since its inception, Arabian Contracting Services Co. has adopted an integrated business system, benefiting from the strength, durability, and vitality of the Saudi economy, in addition to the company has several competitive advantages that enabled its business to grow rapidly for 40 years and provide a strong foundation for sustainable future growth.

1 The net profit for the shareholders of Arabian Contracting Services Co. excluding non-controlling interests.

2 EPS is calculated by dividing the profit attributable to the shareholders of the Arabian Contracting Services Co. excluding non-controlling interests by the average number of shares of 50 million shares.

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