Al Arabia’s strong 9M 2021 results reflect its ability to return quickly to market: CEO

Muhammed Alkhereiji, CEO of Arabian Contracting Services

Arabian Contracting Services Co.’s (Al Arabia) strong performance reflects its exceptional ability to return quickly to the market, Chief Executive Officer (CEO) Muhammed Abdelellah Alkhereiji said, while commenting on the company’s 9M 2021 financial results.

Al Arabia was able to mitigate the impact of the pandemic by continuing to implement its long-term strategy and completing the investment plan in the company's business, including digital transformation, he added.

Since its inception, Al Arabia adopted an integrated business system strategy based on the use of the latest international technologies. It also benefits from the strength, durability and vitality of the Saudi economy, which is the largest in the Middle East.

Al Arabia has a bundle of ingredients that qualify it to benefit from the available growth opportunities, including its long experience in the local and regional market, the strength of its financial position, and its leadership in the outdoor advertising market, Alkhereiji stated.

Al Arabia reported a net profit of SAR 135.6 million for the first nine months of 2021, against a loss of SAR 21.4 million a year earlier, Argaam earlier reported.