Sustained Infrastructure Holding’s net income doubled y-o-y to SAR 88 mn in 2023 with significant growth in the water solutions segment, and revenues rose 61.3% y-o-y to break the SAR 1 bn barrier for the first time, it said in an earnings release (pdf).

The company’s bottom line rose 11% y-o-y to SAR 22.7 mn in 4Q 2023, and its top line increased 19.6% y-o-y to SAR 276 mn. Growth was attributed to proceeds from the ports and logistics segments.

Looking ahead: “We will continue to prioritize the expansion of SISCO’s geographic footprint, as well as its presence in the core segments of ports and logistics,” said Group CEO Khalid Suleimani.

ALSO- Sisco’s BoD has approved a dividend of SAR 32.5 mn at SAR 0.4 per share for 2H 2023, it said in a filing to Tadawul.

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