SAIC 9M 2023 profit up 38% to SAR 111.2 mln; Q3 at SAR 38.9 mln

02/11/2023 Argaam Exclusive

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Saudi Advanced Industries Co. (SAIC) posted a 38% profit increase in the first nine months of 2023 to SAR 111.2 million, compared to SAR 80.4 million in the year-earlier period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	91.49	124.97	36.6 %
Gross Income	91.49	124.97	36.6 %
Operating Income	80.91	114.09	41.0 %
Net Income	80.36	111.17	38.3 %
Average Shares	60.00	59.00	(1.7 %)
EPS (Riyals)	1.34	1.88	40.7 %

The year-on-year (YoY) profit hike was driven by higher profits from the sale of stakes in associated companies and selling financial assets at fair value through profit or loss (FVTPL).

There was also an increase in unrealized gains from FVTPL financial instruments, in addition to the higher dividends earned.

This was partially offset by a lower share of associate companies' profits, higher financing costs, general and administrative expenses and Zakat charges as well as decreased other income.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	25.97	46.03	77.3 %
Gross Income	25.97	46.03	77.3 %
Operating Income	22.46	40.86	81.9 %
Net Income	22.10	38.94	76.2 %
Average Shares	60.00	59.00	(1.7 %)
EPS (Riyals)	0.37	0.66	79.2 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	53.59	46.03	(14.1 %)
Gross Income	53.59	46.03	(14.1 %)
Operating Income	50.66	40.86	(19.4 %)
Net Income	50.16	38.94	(22.4 %)
Average Shares	60.00	59.00	(1.7 %)
EPS (Riyals)	0.84	0.66	(21.1 %)

In Q3 2023, net profit inched up by 76% to SAR 38.9 million from SAR 22.1 million in Q3 2022.

On a sequential basis, the Q3 2023 bottom line fell 22.4% from SAR 50.16 million on higher unrealized losses from FVTPL financial assets, lower profit from selling FVTPL financial and reduced dividends earned.

Shareholders’ equity, no minority interest, reached SAR 962.45 million as of Sept. 30, 2023, up from SAR 908.59 million a year earlier.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	8.03	66.2 %	8.03	66.2 %	6.94	80.7 %
Q2 2014	4.64	(52.9 %)	4.64	(52.9 %)	3.51	(61.1 %)
Q3 2014	8.48	(10.7 %)	8.48	(10.7 %)	7.47	(14.4 %)
Q4 2014	6.16	(7.2 %)	6.16	(7.2 %)	3.55	(26.0 %)
2014	27.31	(11.3 %)	27.31	(11.3 %)	21.48	(18.7 %)
Q1 2015	9.04	12.5 %	9.04	12.5 %	7.66	10.4 %
Q2 2015	8.15	75.7 %	8.15	75.7 %	6.82	94.1 %
Q3 2015	2.38	(71.9 %)	2.38	(71.9 %)	1.21	(83.8 %)
Q4 2015	(0.45)	(107.3 %)	(0.45)	(107.3 %)	(2.71)	(176.4 %)
2015	19.12	(30.0 %)	19.12	(30.0 %)	12.99	(39.5 %)
Q1 2016	(1.93)	(121.4 %)	(1.93)	(121.4 %)	(3.24)	(142.3 %)
Q2 2016	11.74	44.1 %	11.74	44.1 %	10.51	54.0 %
Q3 2016	4.29	80.1 %	4.29	80.1 %	3.10	155.6 %
Q4 2016	4.58	1123.9 %	4.58	1123.9 %	2.32	185.5 %
2016	18.67	(2.3 %)	18.67	(2.3 %)	12.68	(2.4 %)
Q1 2017	4.42	328.7 %	4.42	328.7 %	3.21	198.9 %
Q2 2017	8.35	(28.9 %)	8.35	(28.9 %)	7.11	(32.4 %)
Q3 2017	11.65	171.8 %	11.65	171.8 %	10.40	235.7 %
Q4 2017	10.20	122.8 %	10.20	122.8 %	7.33	215.9 %
2017	34.62	85.4 %	34.62	85.4 %	28.04	121.1 %
Q1 2018	5.48	24.0 %	5.48	24.0 %	4.35	35.8 %
Q2 2018	15.71	88.3 %	15.71	88.3 %	14.25	100.5 %
Q3 2018	12.89	10.6 %	12.89	10.6 %	11.84	13.8 %
Q4 2018	10.45	2.5 %	10.45	2.5 %	7.49	2.1 %
2018	44.54	28.7 %	44.54	28.7 %	37.93	35.3 %
Q1 2019	6.04	10.2 %	6.04	10.2 %	4.53	4.0 %
Q2 2019	20.08	27.8 %	20.08	27.8 %	16.65	16.9 %
Q3 2019	13.59	5.4 %	13.59	5.4 %	11.79	(0.4 %)
Q4 2019	4.68	(55.2 %)	4.68	(55.2 %)	1.61	(78.5 %)
2019	44.39	(0.3 %)	44.39	(0.3 %)	34.58	(8.8 %)
Q1 2020	10.72	77.5 %	10.72	77.5 %	8.68	91.6 %
Q2 2020	6.71	(66.6 %)	6.71	(66.6 %)	4.95	(70.3 %)
Q3 2020	9.59	(29.4 %)	9.59	(29.4 %)	7.78	(34.0 %)
Q4 2020	9.75	108.3 %	9.75	108.3 %	7.66	375.2 %
2020	36.78	(17.1 %)	36.78	(17.1 %)	29.07	(15.9 %)
Q1 2021	19.69	83.6 %	19.69	83.6 %	17.54	102.2 %
Q2 2021	19.34	188.1 %	19.34	188.1 %	17.17	246.9 %
Q3 2021	35.88	273.9 %	35.88	273.9 %	33.83	334.7 %
Q4 2021	26.57	172.6 %	26.57	172.6 %	24.03	213.9 %
2021	101.48	175.9 %	101.48	175.9 %	92.58	218.5 %
Q1 2022	34.44	75.0 %	34.44	75.0 %	31.00	76.7 %
Q2 2022	31.09	60.7 %	31.09	60.7 %	27.45	59.8 %
Q3 2022	25.97	(27.6 %)	25.97	(27.6 %)	22.46	(33.6 %)
Q4 2022	24.55	(7.6 %)	24.55	(7.6 %)	21.79	(9.3 %)
2022	116.05	14.4 %	116.05	14.4 %	102.71	10.9 %
Q1 2023	25.35	(26.4 %)	25.35	(26.4 %)	22.57	(27.2 %)
Q2 2023	53.59	72.4 %	53.59	72.4 %	50.66	84.6 %
Q3 2023	46.03	77.3 %	46.03	77.3 %	40.86	81.9 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	30.80	180.3 %	30.80	180.3 %	26.42	162.1 %
2014	27.31	(11.3 %)	27.31	(11.3 %)	21.48	(18.7 %)
2015	19.12	(30.0 %)	19.12	(30.0 %)	12.99	(39.5 %)
2016	18.67	(2.3 %)	18.67	(2.3 %)	12.68	(2.4 %)
2017	34.62	85.4 %	34.62	85.4 %	28.04	121.1 %
2018	44.54	28.7 %	44.54	28.7 %	37.93	35.3 %
2019	44.39	(0.3 %)	44.39	(0.3 %)	34.58	(8.8 %)
2020	36.78	(17.1 %)	36.78	(17.1 %)	29.07	(15.9 %)
2021	101.48	175.9 %	101.48	175.9 %	92.58	218.5 %
2022	116.05	14.4 %	116.05	14.4 %	102.71	10.9 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	6.01	85.7 %	0.10	(0.76)	6.77	0.11
Q2 2014	(6.91)	(179.3 %)	(0.12)	(9.98)	3.06	0.05
Q3 2014	13.81	62.1 %	0.23	(0.76)	14.57	0.24
Q4 2014	2.32	(49.4 %)	0.04	(0.76)	3.08	0.05
2014	15.23	(39.2 %)	0.25	(12.25)	27.48	0.46
Q1 2015	7.51	24.9 %	0.13	-	7.51	0.13
Q2 2015	7.26	205.0 %	0.12	-	7.26	0.12
Q3 2015	1.61	(88.3 %)	0.03	-	1.61	0.03
Q4 2015	(15.20)	(756.2 %)	(0.25)	(11.00)	(4.20)	(0.07)
2015	1.18	(92.2 %)	0.02	(11.00)	12.18	0.20
Q1 2016	(3.75)	(149.9 %)	(0.06)	-	(3.75)	(0.06)
Q2 2016	9.96	37.2 %	0.17	-	9.96	0.17
Q3 2016	2.52	55.9 %	0.04	-	2.52	0.04
Q4 2016	2.15	114.1 %	0.04	-	2.15	0.04
2016	12.12	923.3 %	0.20	-	12.12	0.20
Q1 2017	3.40	190.6 %	0.06	-	3.40	0.06
Q2 2017	7.56	(24.1 %)	0.13	-	7.56	0.13
Q3 2017	9.82	290.5 %	0.16	-	9.82	0.16
Q4 2017	9.81	356.4 %	0.16	-	9.81	0.16
2017	30.58	152.4 %	0.51	-	30.58	0.51
Q1 2018	4.16	22.5 %	0.07	-	4.16	0.07
Q2 2018	14.10	86.5 %	0.23	-	14.10	0.23
Q3 2018	11.54	17.5 %	0.19	-	11.54	0.19
Q4 2018	7.13	(27.3 %)	0.12	-	7.13	0.12
2018	36.93	20.7 %	0.62	-	36.93	0.62
Q1 2019	4.13	(0.8 %)	0.07	-	4.13	0.07
Q2 2019	16.37	16.1 %	0.27	-	16.37	0.27
Q3 2019	11.50	(0.4 %)	0.19	-	11.50	0.19
Q4 2019	(3.45)	(148.4 %)	(0.06)	(4.81)	1.36	0.02
2019	28.55	(22.7 %)	0.48	(4.81)	33.35	0.56
Q1 2020	8.35	102.3 %	0.14	-	8.35	0.14
Q2 2020	4.70	(71.3 %)	0.08	-	4.70	0.08
Q3 2020	7.50	(34.8 %)	0.13	-	7.50	0.13
Q4 2020	5.53	260.2 %	0.09	-	5.53	0.09
2020	26.07	(8.7 %)	0.43	-	26.07	0.43
Q1 2021	17.05	104.2 %	0.28	-	17.05	0.28
Q2 2021	16.79	257.6 %	0.28	-	16.79	0.28
Q3 2021	31.67	322.3 %	0.53	-	31.67	0.53
Q4 2021	25.62	363.7 %	0.43	-	25.62	0.43
2021	91.13	249.6 %	1.52	-	91.13	1.52
Q1 2022	30.94	81.5 %	0.52	-	30.94	0.52
Q2 2022	27.32	62.7 %	0.46	-	27.32	0.46
Q3 2022	22.10	(30.2 %)	0.37	-	22.10	0.37
Q4 2022	19.85	(22.5 %)	0.33	-	19.85	0.33
2022	100.21	10.0 %	1.67	-	100.21	1.67
Q1 2023	22.07	(28.7 %)	0.37	-	22.07	0.37
Q2 2023	50.16	83.6 %	0.84	-	50.16	0.84
Q3 2023	38.94	76.2 %	0.66	-	38.94	0.66

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	25.06	140.3 %	0.42	-	25.06	0.42
2014	15.23	(39.2 %)	0.25	(12.25)	27.48	0.46
2015	1.18	(92.2 %)	0.02	(11.00)	12.18	0.20
2016	12.12	923.3 %	0.20	-	12.12	0.20
2017	30.58	152.4 %	0.51	-	30.58	0.51
2018	36.93	20.7 %	0.62	-	36.93	0.62
2019	28.55	(22.7 %)	0.48	(4.81)	33.35	0.56
2020	26.07	(8.7 %)	0.43	-	26.07	0.43
2021	91.13	249.6 %	1.52	-	91.13	1.52
2022	100.21	10.0 %	1.67	-	100.21	1.67

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	100.00 %	86.84 %	84.08 %
Q2 2014	100.00 %	83.32 %	79.63 %
Q3 2014	100.00 %	82.14 %	104.30 %
Q4 2014	100.00 %	78.73 %	100.61 %
2014	100.00 %	78.73 %	100.61 %
Q1 2015	100.00 %	78.51 %	99.65 %
Q2 2015	100.00 %	80.26 %	101.84 %
Q3 2015	100.00 %	74.64 %	75.64 %
Q4 2015	100.00 %	68.14 %	63.72 %
2015	100.00 %	68.14 %	63.72 %
Q1 2016	100.00 %	26.22 %	11.28 %
Q2 2016	100.00 %	49.67 %	30.82 %
Q3 2016	100.00 %	56.63 %	33.12 %
Q4 2016	100.00 %	68.37 %	58.23 %
2016	100.00 %	68.37 %	64.89 %
Q1 2017	100.00 %	76.76 %	72.00 %
Q2 2017	100.00 %	73.06 %	72.22 %
Q3 2017	100.00 %	79.67 %	79.07 %
Q4 2017	100.00 %	81.19 %	88.35 %
2017	100.00 %	81.19 %	88.35 %
Q1 2018	100.00 %	82.01 %	87.86 %
Q2 2018	100.00 %	84.58 %	88.01 %
Q3 2018	100.00 %	85.48 %	89.43 %
Q4 2018	100.00 %	85.38 %	82.90 %
2018	100.00 %	85.38 %	82.91 %
Q1 2019	100.00 %	84.72 %	81.80 %
Q2 2019	100.00 %	82.12 %	79.17 %
Q3 2019	100.00 %	80.91 %	77.99 %
Q4 2019	100.00 %	78.19 %	75.13 %
2019	100.00 %	78.19 %	75.13 %
Q1 2020	100.00 %	79.20 %	76.57 %
Q2 2020	100.00 %	76.08 %	72.54 %
Q3 2020	100.00 %	73.03 %	69.07 %
Q4 2020	100.00 %	79.41 %	70.89 %
2020	100.00 %	79.41 %	70.89 %
Q1 2021	100.00 %	83.26 %	76.02 %
Q2 2021	100.00 %	86.21 %	80.29 %
Q3 2021	100.00 %	90.23 %	83.92 %
Q4 2021	100.00 %	91.41 %	89.81 %
2021	100.00 %	91.41 %	89.81 %
Q1 2022	100.00 %	91.38 %	90.36 %
Q2 2022	100.00 %	91.01 %	90.29 %
Q3 2022	100.00 %	89.01 %	89.77 %
Q4 2022	100.00 %	88.62 %	86.35 %
2022	100.00 %	88.62 %	86.35 %
Q1 2023	100.00 %	88.26 %	85.40 %
Q2 2023	100.00 %	90.85 %	88.20 %
Q3 2023	100.00 %	90.98 %	87.63 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	100.00 %	85.80 %	81.34 %
2014	100.00 %	78.73 %	100.61 %
2015	100.00 %	68.14 %	63.72 %
2016	100.00 %	68.37 %	64.89 %
2017	100.00 %	81.19 %	88.35 %
2018	100.00 %	85.38 %	82.91 %
2019	100.00 %	78.19 %	75.13 %
2020	100.00 %	79.41 %	70.89 %
2021	100.00 %	91.41 %	89.81 %
2022	100.00 %	88.62 %	86.35 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	100.00 %	86.43 %	84.29 %
Q2 2014	100.00 %	75.86 %	66.09 %
Q3 2014	100.00 %	89.20 %	171.72 %
Q4 2014	100.00 %	56.42 %	49.93 %
Q1 2015	100.00 %	84.88 %	83.12 %
Q2 2015	100.00 %	83.85 %	89.10 %
Q3 2015	100.00 %	51.36 %	67.74 %
Q4 2015	100.00 %	603.36 %	940.27 %
Q1 2016	100.00 %	166.63 %	194.00 %
Q2 2016	100.00 %	89.66 %	84.82 %
Q3 2016	100.00 %	72.76 %	58.65 %
Q4 2016	100.00 %	51.15 %	46.95 %
Q1 2017	100.00 %	72.90 %	76.83 %
Q2 2017	100.00 %	85.32 %	90.59 %
Q3 2017	100.00 %	89.38 %	84.27 %
Q4 2017	100.00 %	72.05 %	96.18 %
Q1 2018	100.00 %	79.79 %	75.85 %
Q2 2018	100.00 %	90.83 %	89.73 %
Q3 2018	100.00 %	92.01 %	89.50 %
Q4 2018	100.00 %	71.93 %	68.20 %
Q1 2019	100.00 %	75.42 %	68.31 %
Q2 2019	100.00 %	83.08 %	81.52 %
Q3 2019	100.00 %	87.04 %	84.62 %
Q4 2019	100.00 %	35.13 %	29.00 %
Q1 2020	100.00 %	81.23 %	77.87 %
Q2 2020	100.00 %	74.23 %	69.94 %
Q3 2020	100.00 %	81.50 %	78.17 %
Q4 2020	100.00 %	78.92 %	56.68 %
Q1 2021	100.00 %	89.35 %	86.61 %
Q2 2021	100.00 %	89.03 %	86.81 %
Q3 2021	100.00 %	94.43 %	88.27 %
Q4 2021	100.00 %	90.60 %	96.43 %
Q1 2022	100.00 %	90.12 %	89.84 %
Q2 2022	100.00 %	88.41 %	87.88 %
Q3 2022	100.00 %	86.62 %	85.11 %
Q4 2022	100.00 %	88.89 %	80.84 %
Q1 2023	100.00 %	89.16 %	87.08 %
Q2 2023	100.00 %	94.59 %	93.60 %
Q3 2023	100.00 %	88.90 %	84.60 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	60.00	0.46	0.48	14.68
Q2 2014	60.00	0.20	0.38	14.58
Q3 2014	60.00	0.29	0.48	14.86
Q4 2014	60.00	0.25	0.46	13.08
Q1 2015	60.00	0.28	0.47	12.92
Q2 2015	60.00	0.51	0.54	13.53
Q3 2015	60.00	0.31	0.32	12.65
Q4 2015	60.00	0.02	0.20	11.62
Q1 2016	60.00	(0.17)	0.02	11.87
Q2 2016	60.00	(0.12)	0.06	12.25
Q3 2016	60.00	(0.11)	0.08	12.22
Q4 2016	60.00	0.18	0.18	12.59
Q1 2017	60.00	0.30	0.30	12.74
Q2 2017	60.00	0.26	0.26	12.74
Q3 2017	60.00	0.38	0.38	12.81
Q4 2017	60.00	0.51	0.51	12.87
Q1 2018	60.00	0.52	0.52	13.64
Q2 2018	60.00	0.63	0.63	13.94
Q3 2018	60.00	0.66	0.66	13.89
Q4 2018	60.00	0.62	0.62	13.12
Q1 2019	60.00	0.61	0.61	13.75
Q2 2019	60.00	0.65	0.65	13.51
Q3 2019	60.00	0.65	0.65	13.14
Q4 2019	60.00	0.48	0.56	13.31
Q1 2020	60.00	0.55	0.63	12.55
Q2 2020	60.00	0.35	0.43	13.25
Q3 2020	60.00	0.28	0.37	13.66
Q4 2020	60.00	0.43	0.43	14.00
Q1 2021	60.00	0.58	0.58	14.66
Q2 2021	60.00	0.78	0.78	14.93
Q3 2021	60.00	1.18	1.18	15.37
Q4 2021	60.00	1.52	1.52	15.56
Q1 2022	60.00	1.75	1.75	16.13
Q2 2022	60.00	1.93	1.93	14.99
Q3 2022	60.00	1.77	1.77	15.14
Q4 2022	60.00	1.67	1.67	15.02
Q1 2023	60.00	1.52	1.52	15.41
Q2 2023	60.00	1.90	1.90	15.84
Q3 2023	59.00	2.22	2.22	16.04

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	60.00	0.42	0.42	14.75
2014	60.00	0.25	0.46	13.08
2015	60.00	0.02	0.20	11.62
2016	60.00	0.20	0.20	12.59
2017	60.00	0.51	0.51	12.87
2018	60.00	0.62	0.62	13.12
2019	60.00	0.48	0.56	13.31
2020	60.00	0.43	0.43	14.00
2021	60.00	1.52	1.52	15.56
2022	60.00	1.67	1.67	15.02

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	34.09	33.19	1.08
Q2 2014	92.86	49.40	1.30
Q3 2014	68.21	41.17	1.34
Q4 2014	54.49	30.20	1.06
Q1 2015	54.78	32.47	1.18
Q2 2015	29.51	28.13	1.12
Q3 2015	35.37	34.00	0.87
Q4 2015	More than 100	55.95	0.98
Q1 2016	NEG	More than 100	0.72
Q2 2016	NEG	More than 100	0.74
Q3 2016	NEG	89.78	0.55
Q4 2016	55.46	55.46	0.80
Q1 2017	37.63	37.63	0.89
Q2 2017	38.35	38.35	0.78
Q3 2017	28.53	28.53	0.85
Q4 2017	22.52	22.52	0.89
Q1 2018	21.63	21.63	0.83
Q2 2018	17.73	17.73	0.80
Q3 2018	15.62	15.62	0.74
Q4 2018	17.54	17.54	0.82
Q1 2019	19.21	19.21	0.86
Q2 2019	15.92	15.92	0.77
Q3 2019	17.24	17.24	0.86
Q4 2019	24.12	20.65	0.86
Q1 2020	17.26	15.05	0.75
Q2 2020	30.70	25.00	0.81
Q3 2020	54.79	42.77	1.14
Q4 2020	36.28	36.28	1.13
Q1 2021	59.23	59.23	2.34
Q2 2021	60.23	60.23	3.15
Q3 2021	36.00	36.00	2.77
Q4 2021	26.08	26.08	2.55
Q1 2022	22.21	22.21	2.41
Q2 2022	15.05	15.05	1.93
Q3 2022	15.68	15.68	1.83
Q4 2022	13.38	13.38	1.49
Q1 2023	15.94	15.94	1.57
Q2 2023	15.29	15.29	1.84
Q3 2023	13.37	13.37	1.82

Period	P/E	Adjusted P/E	Price/book
2013	31.92	31.92	0.90
2014	54.49	30.20	1.06
2015	More than 100	55.94	0.98
2016	49.77	49.77	0.80
2017	22.52	22.52	0.89
2018	17.54	17.54	0.82
2019	24.12	20.65	0.86
2020	36.28	36.28	1.13
2021	26.08	26.08	2.55
2022	13.38	13.38	1.49

Business Segments (Million)

Compared With The

Period	Services and Invesments sector	Glass industry	Petrochemical sector	Industrial Services Segment ( Energy and Utilities)	Others
Q1 2014	-	1.49	6.54	-	0.01
Q2 2014	-	0.60	-	-	4.52
Q3 2014	-	1.94	4.90	-	9.84
Q4 2014	-	1.53	-	-	4.89
Q1 2015	3.25	-	4.90	-	0.95
Q2 2015	2.60	0.39	3.27	1.62	0.85
Q3 2015	4.93	-	-	-	-
Q4 2015	2.23	-	-	-	-
Q1 2016	-	-	3.27	-	0.01
Q2 2016	4.58	-	4.90	3.24	-
Q3 2016	2.73	-	-	-	0.04
Q4 2016	3.15	1.09	-	-	0.09
Q1 2017	3.09	-	4.90	-	0.79
Q2 2017	5.28	-	-	-	0.03
Q3 2017	3.02	-	4.90	5.06	-
Q4 2017	3.31	5.80	-	-	0.03
Q1 2018	3.07	2.41	-	-	0.03
Q2 2018	3.21	1.98	-	-	-
Q3 2018	2.86	4.31	5.72	-	-
Q4 2018	3.81	6.64	-	-	-
Q1 2019	2.85	3.19	-	-	-
Q2 2019	5.42	3.06	6.54	-	0.02
Q3 2019	5.01	2.85	5.72	-	0.01
Q4 2019	2.70	1.98	-	-	0.04
Q1 2020	3.36	1.65	5.72	-	-
Q2 2020	8.80	(2.09)	-	-	0.05
Q3 2020	2.27	3.24	4.09	-	0.02
Q4 2020	5.63	4.12	-	-	0.01
Q1 2021	7.38	8.22	4.09	-	0.01
Q2 2021	5.29	14.05	-	-	0.05
Q3 2021	6.43	24.54	4.90	-	-
Q4 2021	3.91	22.66	-	-	-
Q1 2022	8.56	20.98	4.90	-	-
Q2 2022	5.70	20.49	4.90	-	-
Q3 2022	5.66	20.31	-	-	0.01
Q4 2022	4.25	9.29	-	11.02	-
Q1 2023	10.92	11.92	2.50	-	-
Q2 2023	38.84	9.69	-	5.06	-
Q3 2023	4.02	42.01	-	-	-

Period	Services and Invesments sector	Glass industry	Petrochemical sector	Industrial Services Segment ( Energy and Utilities)	Others
2013	-	0.59	3.27	22.75	4.24
2014	5.02	5.56	11.44	-	19.26
2015	13.00	-	8.17	1.62	0.27
2016	7.81	1.09	8.17	3.24	0.14
2017	14.70	5.80	9.81	8.30	0.85
2018	12.95	15.34	11.44	4.80	0.03
2019	15.99	11.08	12.26	5.06	0.07
2020	20.05	6.92	9.81	-	0.07
2021	23.01	69.47	8.99	-	0.06
2022	24.17	71.06	9.81	11.02	0.01

Financial Ratios

	Current
Market Cap (M Riyal)	2,115.00
Enterprise Value (EV) (M)	1,620.76
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	5.45
Book Value (BV) ( Riyal)	20.33
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	6.50
P/E (TTM)	6.58
Price/book	1.73
Return on Average Assets (%) (TTM)	27.3
Return on Average Equity (%) (TTM)	29.4

Saudi Advanced Industries Co. (SAIC)

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SAIC 9M 2023 profit up 38% to SAR 111.2 mln; Q3 at SAR 38.9 mln

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

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Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q3

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Saudi Advanced Industries Co. (SAIC)

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SAIC 9M 2023 profit up 38% to SAR 111.2 mln; Q3 at SAR 38.9 mln

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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) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Saudi Advanced Industries Co. (SAIC)

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Business Segments (Million)