CENOMI CENTERS-

CenomiCenters reported an 18.4% y-o-y decline in net income to SAR 1.2 bn in FY 2024, impacted by several one-time expenses and impairment losses, according to the company’s earnings release (pdf). The company’s revenue grew 4% to SAR 2.3 bn in the same period, “driven by growth across all revenue streams,” CEO Alison Rehill-Erguven said.

Cenomi Centers will distribute SAR 178.1 mn in dividends for 3Q 2024 at SAR 0.375 per share, it said in a disclosure to Tadawul. The eligibility date is 12 March 2025, with distribution set for 6 April.

WALAA-

WalaaCooperativeIns. saw its net income fall 56.6% y-o-y to SAR 64.3 mn in FY 2024, after its earnings from ins. services turned to the red, returns on investments dropped, and ins. finance expenses rose, it said in a disclosure to Tadawul. The company logged a 15.8% y-o-y increase in revenue to SAR 3.3 bn during the year, buoyed by growth in its car, property, and engineering ins. segments.

MOHAMMED HADI AL RASHEED-

MohammedHadi Al Rasheed’s net income grew 80.6% y-o-y to SAR 80.6 mn in FY 2024, according to a disclosure to Tadawul. Revenue was up 42.6% y-o-y at SAR 307 mn in the same period as sales and customers increased on the back of geographical expansion.

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