Taiba profit down to SAR 109.8M in 2023; Q4 losses at SAR 33.7M

27/03/2024 Argaam Exclusive

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Taiba Investments Co. reported a 21% decline in net profit to SAR 109.8 million for 2023, compared to SAR 139.57 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	330.28	536.41	62.4 %
Gross Income	188.98	342.39	81.2 %
Operating Income	142.05	283.72	99.7 %
Net Income	139.57	109.05	(21.9 %)
Average Shares	160.46	185.46	15.6 %
EPS (Riyals)	0.87	0.59	(32.4 %)

The net profit declined on acquisition-related costs and the increase in the provisions for certain legal cases.

On the other hand, revenue grew by 62% year-on-year (YoY), or SAR 206.1 million, due to the acquisition of Dur Hospitality Co., which contributed to additional revenues from operating activities, in addition to the increase in revenues from real estate leasing.

There was also a rise in revenues from hospitality activities YoY on higher numbers of Hajj & Umrah pilgrims, which contributed to improved occupancy rates and pricing levels.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	103.94	175.90	69.2 %
Gross Income	64.58	96.16	48.9 %
Operating Income	46.23	86.96	88.1 %
Net Income	41.94	(33.71)	(180.4 %)
Average Shares	160.46	185.46	15.6 %
EPS (Riyals)	0.26	(0.18)	(169.6 %)

Item	Q3 2023	Q4 2023	Change‬
Revenues	118.44	175.90	48.5 %
Gross Income	80.59	96.16	19.3 %
Operating Income	65.22	86.96	33.3 %
Net Income	53.89	(33.71)	(162.6 %)
Average Shares	185.46	185.46	-
EPS (Riyals)	0.29	(0.18)	(162.6 %)

Taiba turned to a net loss of SAR 33.7 million in Q4 2023, against a profit of SAR 41.94 million in Q4 2022.

Sequentially, the company swung to a loss versus a profit of SAR 53.89 million in Q3 2023.

Shareholders’ equity, after minority interest, stood at SAR 6.55 billion as of Dec. 31, 2023, compared to SAR 3.63 billion a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	115.88	23.0 %	75.86	13.6 %	58.88	7.4 %
Q2 2014	116.76	31.6 %	58.90	1.4 %	47.83	(0.5 %)
Q3 2014	157.34	73.9 %	95.10	69.4 %	86.86	79.8 %
Q4 2014	111.08	5.9 %	50.42	(24.9 %)	37.40	(32.6 %)
2014	501.05	32.1 %	280.28	13.1 %	230.98	10.9 %
Q1 2015	118.58	2.3 %	73.91	(2.6 %)	62.19	5.6 %
Q2 2015	115.00	(1.5 %)	63.96	8.6 %	53.99	12.9 %
Q3 2015	136.45	(13.3 %)	82.86	(12.9 %)	71.18	(18.1 %)
Q4 2015	106.12	(4.5 %)	59.60	18.2 %	47.08	25.9 %
2015	476.15	(5.0 %)	280.34	0.0 %	234.43	1.5 %
Q1 2016	118.12	(0.4 %)	69.94	(5.4 %)	52.71	(15.2 %)
Q2 2016	156.21	35.8 %	71.54	11.9 %	61.09	13.1 %
Q3 2016	138.80	1.7 %	85.27	2.9 %	74.94	5.3 %
Q4 2016	110.08	3.7 %	60.81	2.0 %	48.99	4.1 %
2016	523.21	9.9 %	289.30	3.2 %	233.09	(0.6 %)
Q1 2017	106.19	(10.1 %)	63.20	(9.6 %)	50.97	(3.3 %)
Q2 2017	118.26	(24.3 %)	67.68	(5.4 %)	57.35	(6.1 %)
Q3 2017	131.40	(5.3 %)	82.10	(3.7 %)	65.12	(13.1 %)
Q4 2017	101.21	(8.1 %)	59.09	(2.8 %)	43.51	(11.2 %)
2017	457.06	(12.6 %)	272.05	(6.0 %)	214.48	(8.0 %)
Q1 2018	102.26	(3.7 %)	60.96	(3.5 %)	49.69	(2.5 %)
Q2 2018	107.58	(9.0 %)	64.53	(4.6 %)	48.50	(15.4 %)
Q3 2018	134.57	2.4 %	86.06	4.8 %	73.91	13.5 %
Q4 2018	61.87	(38.9 %)	45.83	(22.4 %)	30.78	(29.3 %)
2018	406.28	(11.1 %)	257.39	(5.4 %)	202.87	(5.4 %)
Q1 2019	94.53	(7.6 %)	51.74	(15.1 %)	38.05	(23.4 %)
Q2 2019	108.29	0.7 %	63.63	(1.4 %)	42.87	(11.6 %)
Q3 2019	137.53	2.2 %	85.44	(0.7 %)	72.32	(2.1 %)
Q4 2019	47.18	(23.7 %)	41.04	(10.4 %)	25.03	(18.7 %)
2019	387.53	(4.6 %)	241.85	(6.0 %)	178.27	(12.1 %)
Q1 2020	85.00	(10.1 %)	53.64	3.7 %	42.47	11.6 %
Q2 2020	31.42	(71.0 %)	14.98	(76.5 %)	3.07	(92.8 %)
Q3 2020	61.39	(55.4 %)	37.91	(55.6 %)	26.85	(62.9 %)
Q4 2020	43.14	(8.6 %)	17.88	(56.4 %)	5.07	(79.8 %)
2020	220.95	(43.0 %)	123.24	(49.0 %)	77.46	(56.5 %)
Q1 2021	33.68	(60.4 %)	15.15	(71.8 %)	1.15	(97.3 %)
Q2 2021	32.16	2.3 %	10.56	(29.5 %)	(20.06)	(753.0 %)
Q3 2021	29.93	(51.2 %)	10.45	(72.4 %)	(30.19)	(212.4 %)
Q4 2021	33.33	(22.7 %)	7.56	(57.7 %)	(27.67)	(645.8 %)
2021	129.09	(41.6 %)	43.72	(64.5 %)	(76.77)	(199.1 %)
Q1 2022	52.55	56.0 %	22.07	45.6 %	20.66	1704.7 %
Q2 2022	81.17	152.4 %	46.71	342.4 %	49.41	346.4 %
Q3 2022	90.87	203.6 %	55.64	432.3 %	25.75	185.3 %
Q4 2022	103.94	211.9 %	64.58	754.3 %	46.23	267.1 %
2022	330.28	155.9 %	188.98	332.3 %	142.05	285.0 %
Q1 2023	110.96	111.1 %	74.15	236.1 %	61.41	197.2 %
Q2 2023	131.12	61.5 %	91.84	96.6 %	77.00	55.8 %
Q3 2023	118.44	30.3 %	80.59	44.8 %	65.22	153.3 %
Q4 2023	175.90	69.2 %	96.16	48.9 %	86.96	88.1 %
2023	536.41	62.4 %	342.39	81.2 %	283.72	99.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	501.05	32.1 %	280.28	13.1 %	230.98	10.9 %
2015	476.15	(5.0 %)	280.34	0.0 %	234.43	1.5 %
2016	523.21	9.9 %	289.30	3.2 %	233.09	(0.6 %)
2017	457.06	(12.6 %)	272.05	(6.0 %)	214.48	(8.0 %)
2018	406.28	(11.1 %)	257.39	(5.4 %)	202.87	(5.4 %)
2019	387.53	(4.6 %)	241.85	(6.0 %)	178.27	(12.1 %)
2020	220.95	(43.0 %)	123.24	(49.0 %)	77.46	(56.5 %)
2021	129.09	(41.6 %)	43.72	(64.5 %)	(76.77)	(199.1 %)
2022	330.28	155.9 %	188.98	332.3 %	142.05	285.0 %
2023	536.41	62.4 %	342.39	81.2 %	283.72	99.7 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	59.50	(18.6 %)	0.40	-	59.50	0.40
Q2 2014	59.18	(6.9 %)	0.39	-	59.18	0.39
Q3 2014	817.17	1198.5 %	5.45	826.15	(8.98)	(0.06)
Q4 2014	278.38	331.8 %	1.86	263.09	15.29	0.10
2014	1,214.23	359.9 %	8.09	1,089.24	125.00	0.83
Q1 2015	202.30	240.0 %	1.35	130.58	71.73	0.48
Q2 2015	57.00	(3.7 %)	0.38	2.74	54.26	0.36
Q3 2015	102.14	(87.5 %)	0.68	-	102.14	0.68
Q4 2015	75.48	(72.9 %)	0.50	-	75.48	0.50
2015	436.92	(64.0 %)	2.91	133.31	303.61	2.02
Q1 2016	49.22	(75.7 %)	0.33	-	49.22	0.33
Q2 2016	68.02	19.3 %	0.45	-	68.02	0.45
Q3 2016	74.98	(26.6 %)	0.50	-	74.98	0.50
Q4 2016	54.95	(27.2 %)	0.37	-	54.95	0.37
2016	242.95	(44.4 %)	1.62	-	242.95	1.62
Q1 2017	52.53	6.7 %	0.35	-	52.53	0.35
Q2 2017	49.18	(27.7 %)	0.33	-	49.18	0.33
Q3 2017	61.99	(17.3 %)	0.41	-	61.99	0.41
Q4 2017	(17.67)	(132.1 %)	(0.12)	-	(17.67)	(0.12)
2017	146.03	(39.9 %)	0.97	-	146.03	0.97
Q1 2018	27.21	(48.2 %)	0.18	(4.00)	31.21	0.21
Q2 2018	46.48	(5.5 %)	0.31	-	46.48	0.31
Q3 2018	60.11	(3.0 %)	0.40	(4.07)	64.18	0.43
Q4 2018	(69.45)	(293.1 %)	(0.46)	(67.95)	(1.50)	(0.01)
2018	64.35	(55.9 %)	0.43	(76.02)	140.37	0.94
Q1 2019	31.29	15.0 %	0.20	-	31.29	0.20
Q2 2019	49.24	5.9 %	0.31	-	49.24	0.31
Q3 2019	67.85	12.9 %	0.43	-	67.85	0.43
Q4 2019	23.48	133.8 %	0.15	-	23.05	0.15
2019	171.86	167.1 %	1.09	-	171.86	1.09
Q1 2020	50.57	61.6 %	0.32	7.73	42.84	0.27
Q2 2020	79.82	62.1 %	0.50	59.87	19.95	0.12
Q3 2020	(23.48)	(134.6 %)	(0.15)	(43.36)	19.88	0.12
Q4 2020	(8.13)	(134.6 %)	(0.05)	0.07	(8.21)	(0.05)
2020	98.77	(42.5 %)	0.62	24.30	74.47	0.46
Q1 2021	(1.91)	(103.8 %)	(0.01)	-	(1.91)	(0.01)
Q2 2021	(12.88)	(116.1 %)	(0.08)	-	(12.88)	(0.08)
Q3 2021	(38.38)	(63.5 %)	(0.24)	-	(38.38)	(0.24)
Q4 2021	(64.12)	(688.3 %)	(0.40)	-	(64.12)	(0.40)
2021	(117.30)	(218.8 %)	(0.73)	-	(117.30)	(0.73)
Q1 2022	20.35	1165.9 %	0.13	3.26	17.09	0.11
Q2 2022	34.50	367.8 %	0.21	(16.01)	50.50	0.31
Q3 2022	42.79	211.5 %	0.27	3.20	39.59	0.25
Q4 2022	41.94	165.4 %	0.26	3.00	38.94	0.24
2022	139.57	219.0 %	0.87	(6.55)	146.12	0.91
Q1 2023	62.06	205.0 %	0.33	-	62.06	0.33
Q2 2023	27.56	(20.1 %)	0.15	(24.90)	52.47	0.28
Q3 2023	53.89	25.9 %	0.29	(10.71)	64.59	0.35
Q4 2023	(33.71)	(180.4 %)	(0.18)	(104.16)	70.44	0.38
2023	109.05	(21.9 %)	0.59	(139.77)	248.82	1.34

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	1,214.23	359.9 %	8.09	1,089.24	125.00	0.83
2015	436.92	(64.0 %)	2.91	133.31	303.61	2.02
2016	242.95	(44.4 %)	1.62	-	242.95	1.62
2017	146.03	(39.9 %)	0.97	-	146.03	0.97
2018	64.35	(55.9 %)	0.43	(76.02)	140.37	0.94
2019	171.86	167.1 %	1.09	-	171.86	1.09
2020	98.77	(42.5 %)	0.62	24.30	74.47	0.46
2021	(117.30)	(218.8 %)	(0.73)	-	(117.30)	(0.73)
2022	139.57	219.0 %	0.87	(6.55)	146.12	0.91
2023	109.05	(21.9 %)	0.59	(139.77)	248.82	1.34

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	64.30 %	61.26 %	62.62 %
Q2 2014	60.28 %	59.24 %	57.49 %
Q3 2014	60.01 %	59.16 %	35.20 %
Q4 2014	55.94 %	56.98 %	24.95 %
2014	55.94 %	56.98 %	24.95 %
Q1 2015	55.25 %	57.44 %	27.24 %
Q2 2015	56.45 %	57.78 %	26.35 %
Q3 2015	56.36 %	57.51 %	50.60 %
Q4 2015	58.88 %	57.89 %	63.76 %
2015	58.88 %	57.89 %	63.76 %
Q1 2016	58.10 %	55.83 %	59.09 %
Q2 2016	54.93 %	52.81 %	57.05 %
Q3 2016	55.15 %	53.30 %	51.56 %
Q4 2016	54.96 %	52.77 %	47.24 %
2016	55.29 %	51.89 %	46.43 %
Q1 2017	54.92 %	53.82 %	48.99 %
Q2 2017	58.51 %	57.27 %	48.94 %
Q3 2017	58.76 %	55.99 %	46.93 %
Q4 2017	59.52 %	56.18 %	31.95 %
2017	59.52 %	55.64 %	31.95 %
Q1 2018	59.55 %	56.16 %	27.52 %
Q2 2018	60.27 %	55.30 %	27.58 %
Q3 2018	60.73 %	56.89 %	27.87 %
Q4 2018	63.35 %	59.02 %	34.55 %
2018	63.35 %	59.02 %	34.55 %
Q1 2019	62.27 %	56.89 %	35.24 %
Q2 2019	61.93 %	54.76 %	35.87 %
Q3 2019	61.32 %	53.33 %	36.52 %
Q4 2019	62.41 %	53.77 %	44.24 %
2019	62.41 %	53.77 %	44.35 %
Q1 2020	64.48 %	56.20 %	48.41 %
Q2 2020	64.79 %	57.52 %	51.04 %
Q3 2020	65.59 %	57.17 %	46.99 %
Q4 2020	56.30 %	48.85 %	33.70 %
2020	55.77 %	48.85 %	33.70 %
Q1 2021	50.65 %	38.63 %	17.52 %
Q2 2021	47.84 %	25.14 %	(1.83 %)
Q3 2021	38.90 %	(11.80 %)	(44.19 %)
Q4 2021	33.87 %	(39.36 %)	(90.86 %)
2021	33.87 %	(39.36 %)	(90.86 %)
Q1 2022	34.22 %	(20.83 %)	(66.43 %)
Q2 2022	44.06 %	19.32 %	(17.72 %)
Q3 2022	51.16 %	36.70 %	16.69 %
Q4 2022	57.52 %	52.14 %	44.48 %
2022	57.22 %	51.87 %	44.24 %
Q1 2023	62.30 %	55.04 %	49.39 %
Q2 2023	65.51 %	55.44 %	44.19 %
Q3 2023	67.00 %	61.30 %	46.95 %
Q4 2023	63.89 %	61.69 %	46.53 %
2023	63.83 %	61.56 %	46.39 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	55.94 %	56.98 %	24.95 %
2015	58.88 %	57.89 %	63.76 %
2016	55.29 %	51.89 %	46.43 %
2017	59.52 %	55.64 %	31.95 %
2018	63.35 %	59.02 %	34.55 %
2019	62.41 %	53.77 %	44.35 %
2020	55.77 %	48.85 %	33.70 %
2021	33.87 %	(39.36 %)	(90.86 %)
2022	57.22 %	51.87 %	44.24 %
2023	63.83 %	61.56 %	46.39 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	65.47 %	59.29 %	51.35 %
Q2 2014	50.45 %	54.78 %	50.69 %
Q3 2014	60.44 %	60.15 %	(5.70 %)
Q4 2014	45.39 %	52.41 %	13.76 %
Q1 2015	62.33 %	61.18 %	60.49 %
Q2 2015	55.61 %	56.23 %	47.18 %
Q3 2015	60.73 %	59.54 %	74.86 %
Q4 2015	56.17 %	53.90 %	71.13 %
Q1 2016	59.21 %	52.90 %	41.67 %
Q2 2016	45.80 %	46.12 %	43.55 %
Q3 2016	61.43 %	61.27 %	54.02 %
Q4 2016	55.25 %	51.36 %	49.92 %
Q1 2017	59.51 %	57.97 %	49.47 %
Q2 2017	57.23 %	57.43 %	41.59 %
Q3 2017	62.48 %	56.98 %	47.18 %
Q4 2017	58.38 %	51.82 %	(17.46 %)
Q1 2018	59.61 %	57.92 %	30.52 %
Q2 2018	59.99 %	54.02 %	43.20 %
Q3 2018	63.95 %	62.20 %	47.69 %
Q4 2018	74.08 %	62.61 %	(2.42 %)
Q1 2019	54.73 %	48.86 %	33.10 %
Q2 2019	58.76 %	46.18 %	45.47 %
Q3 2019	62.12 %	57.86 %	49.33 %
Q4 2019	87.00 %	69.09 %	48.86 %
Q1 2020	63.10 %	59.13 %	50.40 %
Q2 2020	47.67 %	34.33 %	63.48 %
Q3 2020	61.76 %	56.97 %	32.39 %
Q4 2020	41.44 %	27.59 %	(19.02 %)
Q1 2021	44.99 %	23.37 %	(5.67 %)
Q2 2021	32.83 %	(37.07 %)	(40.06 %)
Q3 2021	34.92 %	(81.01 %)	(128.24 %)
Q4 2021	22.68 %	(67.58 %)	(192.41 %)
Q1 2022	41.99 %	53.01 %	32.52 %
Q2 2022	57.54 %	70.18 %	62.22 %
Q3 2022	61.23 %	35.60 %	43.56 %
Q4 2022	62.13 %	52.08 %	37.46 %
Q1 2023	66.83 %	62.67 %	55.93 %
Q2 2023	70.04 %	65.74 %	40.02 %
Q3 2023	68.04 %	63.19 %	54.54 %
Q4 2023	54.67 %	57.05 %	40.05 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	150.00	1.67	1.67	23.58
Q2 2014	150.00	1.64	1.64	23.15
Q3 2014	150.00	6.67	1.16	27.49
Q4 2014	150.00	8.09	0.83	26.65
Q1 2015	150.00	9.05	0.91	28.77
Q2 2015	150.00	9.03	0.88	28.21
Q3 2015	150.00	4.27	1.62	25.82
Q4 2015	150.00	2.91	2.02	25.68
Q1 2016	150.00	1.89	1.87	24.02
Q2 2016	150.00	1.97	1.97	23.59
Q3 2016	150.00	1.78	1.78	23.91
Q4 2016	150.00	1.65	1.65	25.37
Q1 2017	150.00	1.67	1.67	25.53
Q2 2017	150.00	1.54	1.54	24.74
Q3 2017	150.00	1.46	1.46	24.08
Q4 2017	150.00	0.97	0.97	23.90
Q1 2018	150.00	0.80	0.83	24.30
Q2 2018	150.00	0.79	0.81	24.13
Q3 2018	150.00	0.77	0.83	25.11
Q4 2018	150.00	0.43	0.94	23.86
Q1 2019	157.84	0.43	0.89	23.77
Q2 2019	157.84	0.45	0.91	23.72
Q3 2019	157.84	0.50	0.93	23.31
Q4 2019	157.84	1.09	1.09	22.92
Q1 2020	160.46	1.19	1.14	21.70
Q2 2020	160.46	1.38	0.96	22.93
Q3 2020	160.46	0.81	0.66	23.06
Q4 2020	160.46	0.62	0.46	22.78
Q1 2021	160.46	0.29	0.19	23.69
Q2 2021	160.46	(0.29)	(0.02)	25.20
Q3 2021	160.46	(0.38)	(0.38)	26.98
Q4 2021	160.46	(0.73)	(0.73)	22.47
Q1 2022	160.46	(0.59)	(0.61)	22.87
Q2 2022	160.46	(0.30)	(0.22)	22.38
Q3 2022	160.46	0.21	0.27	22.75
Q4 2022	160.46	0.87	0.91	22.63
Q1 2023	185.46	0.98	1.03	23.63
Q2 2023	185.46	0.94	1.04	24.03
Q3 2023	185.46	1.00	1.18	24.51
Q4 2023	185.46	0.59	1.35	25.18

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	150.00	8.09	0.83	26.65
2015	150.00	2.91	2.02	25.68
2016	150.00	1.62	1.62	25.37
2017	150.00	0.97	0.97	23.90
2018	150.00	0.43	0.94	23.86
2019	157.84	1.09	1.09	22.92
2020	160.46	0.62	0.46	22.78
2021	160.46	(0.73)	(0.73)	22.47
2022	160.46	0.87	0.91	22.63
2023	185.46	0.59	1.34	25.18

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	46.17	46.17	3.27
Q2 2014	45.23	45.23	3.21
Q3 2014	12.05	69.22	2.92
Q4 2014	8.73	84.81	2.65
Q1 2015	8.21	81.14	2.58
Q2 2015	8.50	87.09	2.72
Q3 2015	14.50	38.11	2.40
Q4 2015	22.06	31.75	2.50
Q1 2016	30.91	31.22	2.44
Q2 2016	29.33	29.33	2.44
Q3 2016	33.63	33.63	2.51
Q4 2016	42.34	42.34	2.75
Q1 2017	46.14	46.14	3.02
Q2 2017	47.64	47.64	2.97
Q3 2017	49.66	49.66	3.01
Q4 2017	62.03	62.03	2.53
Q1 2018	66.85	64.70	2.21
Q2 2018	69.41	67.14	2.26
Q3 2018	64.70	60.50	1.99
Q4 2018	More than 100	56.41	2.21
Q1 2019	More than 100	53.22	2.10
Q2 2019	More than 100	51.47	1.94
Q3 2019	95.21	51.16	2.01
Q4 2019	47.21	47.33	2.21
Q1 2020	33.79	35.30	1.86
Q2 2020	33.95	48.98	2.05
Q3 2020	62.13	76.62	2.19
Q4 2020	79.64	More than 100	2.15
Q1 2021	More than 100	More than 100	2.11
Q2 2021	NEG	NEG	2.14
Q3 2021	NEG	NEG	2.08
Q4 2021	NEG	NEG	2.30
Q1 2022	NEG	NEG	2.29
Q2 2022	NEG	NEG	2.02
Q3 2022	More than 100	More than 100	1.94
Q4 2022	46.39	44.31	1.78
Q1 2023	40.52	38.44	1.94
Q2 2023	45.26	40.88	2.05
Q3 2023	38.48	32.73	1.81
Q4 2023	63.45	27.92	1.06

Period	P/E	Adjusted P/E	Price/book
2014	8.73	84.81	2.65
2015	22.06	31.75	2.50
2016	43.08	43.08	2.75
2017	62.03	62.03	2.53
2018	More than 100	56.41	2.21
2019	47.21	47.21	2.21
2020	79.64	More than 100	2.15
2021	NEG	NEG	2.30
2022	46.39	44.31	1.78
2023	63.89	28.00	1.06

Business Segments (Million)

Compared With The

Period	Tourism Activity	Properties for development and sale	Real Estate Management	Adjustments	Agricultural Activity	Marketing	Consultancy , Training & Information System
Q1 2016	13.64	96.46	-	-	0.84	-	-
Q2 2016	44.59	122.26	-	(4.57)	1.11	-	-
Q3 2016	14.38	127.34	-	(3.29)	0.38	-	-
Q4 2016	9.71	100.26	-	-	0.10	-	-
Q1 2017	7.25	96.93	-	-	2.01	-	-
Q2 2017	10.57	107.65	-	(1.63)	1.67	-	-
Q3 2017	11.79	118.72	-	-	0.89	-	-
Q4 2017	2.86	95.81	-	-	0.91	-	-
Q1 2018	28.88	63.66	13.16	(4.32)	0.88	-	-
Q2 2018	32.36	65.61	13.86	(5.46)	1.21	-	-
Q3 2018	56.10	68.50	13.62	(5.21)	1.57	-	-
Q1 2019	31.48	52.33	14.71	(5.57)	1.57	-	-
Q2 2019	37.94	54.98	19.03	(5.33)	1.67	-	-
Q3 2019	69.11	53.66	20.59	(7.44)	1.60	-	-
Q4 2019	28.01	55.24	(47.04)	9.63	1.33	-	-
Q1 2020	27.21	56.84	1.16	(1.50)	1.29	-	-
Q2 2020	1.77	29.01	0.18	0.05	0.41	-	-
Q3 2020	9.81	51.07	0.21	(0.23)	0.53	-	-
Q4 2020	7.43	37.76	-	(0.80)	0.28	-	-
Q1 2021	7.97	25.81	-	-	0.58	-	-
Q3 2021	10.27	19.67	-	(0.01)	-	-	-
Q4 2021	20.80	12.74	-	(0.21)	-	-	-
Q1 2022	39.66	13.88	-	(0.98)	-	-	-
Q2 2022	49.48	32.46	-	(0.77)	-	-	-
Q3 2022	52.18	38.69	-	-	-	-	-
Q4 2022	58.42	45.51	-	-	-	-	-
Q1 2023	66.78	44.18	-	-	-	-	-
Q2 2023	76.82	54.30	-	-	-	-	-
Q3 2023	68.00	50.44	-	-	-	-	-
Q4 2023	113.04	61.42	1.43	-	-	-	-

Period	Tourism Activity	Properties for development and sale	Real Estate Management	Adjustments	Agricultural Activity	Marketing	Consultancy , Training & Information System
2014	120.05	225.82	-	-	3.53	-	-
2015	60.04	413.90	-	-	2.22	-	-
2016	82.32	446.31	-	(7.86)	2.44	-	-
2017	32.47	419.11	-	-	5.48	-	-
2018	170.02	232.44	-	(8.16)	4.85	7.13	-
2019	166.54	216.22	7.30	(8.70)	6.17	-	-
2020	46.23	174.68	-	(2.47)	2.52	-	-
2021	50.13	79.77	-	(0.80)	-	-	-
2022	199.74	130.54	-	-	-	-	-
2023	324.64	210.33	1.43	-	-	-	-

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	53.60	(33.71)	(162.9 %)

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
SNB Capital	53.60	(33.71)	(162.9) %

Financial Ratios

	Current
Market Cap (M Riyal)	9,845.39
Enterprise Value (EV) (M)	11,170.82
Shares Outstanding ((M))	260.46
EPS ( Riyal) (TTM)	0.86
Book Value (BV) ( Riyal)	25.74
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	30.04
P/E (TTM)	44.04
Price/book	1.47
Return on Average Assets (%) (TTM)	3.1
Return on Average Equity (%) (TTM)	4.2

Taiba Investments Co. (TAIBA)

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Taiba profit down to SAR 109.8M in 2023; Q4 losses at SAR 33.7M

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Taiba Investments Co. (TAIBA)

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Taiba profit down to SAR 109.8M in 2023; Q4 losses at SAR 33.7M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Taiba Investments Co. (TAIBA)

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Business Segments (Million)