SAIC’s 9M 2024 profit jumps to SAR 285.2M; Q3 at SAR 67.9M

13/10/2024 Argaam Exclusive

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Saudi Advanced Industries Co. (SAIC) reported a net profit surge to SAR 285.2 million in the first nine months of 2024, from SAR 111.2 million in the prior-year period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	124.97	323.19	158.6 %
Gross Income	124.97	323.19	158.6 %
Operating Income	114.09	301.30	164.1 %
Net Income	111.17	285.18	156.5 %
Average Shares	59.00	59.00	-
EPS (Riyals)	1.88	4.83	156.5 %

The nine-month net earnings were driven by better revenue, despite increased general and administrative (G&A) expenses, financing costs, and estimated Zakat expenses.

SAIC recorded an increase in net profits from financial assets at fair value (FV) through profit or loss and higher profits from selling shares in associates despite lower dividends and a decline in the company’s share in profits of associates.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	46.03	81.71	77.5 %
Gross Income	46.03	81.71	77.5 %
Operating Income	40.86	74.25	81.7 %
Net Income	38.94	67.94	74.5 %
Average Shares	59.00	59.00	-
EPS (Riyals)	0.66	1.15	74.5 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	119.60	81.71	(31.7 %)
Gross Income	119.60	81.71	(31.7 %)
Operating Income	114.85	74.25	(35.4 %)
Net Income	108.52	67.94	(37.4 %)
Average Shares	59.00	59.00	-
EPS (Riyals)	1.84	1.15	(37.4 %)

In the third quarter of 2024, the company’s net profit leapt 74% to SAR 67.9 million, compared to SAR 38.94 million a year ago, thanks to higher revenue backed by improved net profits from financial assets at FV.

On a quarterly basis, SAIC’s bottom line dropped 37.4% from SAR 108.5 million in Q2 2024 as revenues slumped quarter-on-quarter amid higher G&A expenses and financing costs. Additionally, its profit share from associates declined.

Shareholders’ equity, no minority interest, rose to SAR 1.21 billion as of Sept. 30, 2024, from SAR 962.45 million a year earlier.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
Q4 2023	53.64	118.5 %	53.64	118.5 %	46.61	113.9 %
2023	180.16	55.2 %	180.16	55.2 %	162.23	58.0 %
Q1 2024	121.89	380.8 %	121.89	380.8 %	112.21	397.1 %
Q2 2024	119.60	123.2 %	119.60	123.2 %	114.85	126.7 %
Q3 2024	81.71	77.5 %	81.71	77.5 %	74.25	81.7 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
2023	180.16	55.2 %	180.16	55.2 %	162.23	58.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q4 2023	36.09	81.8 %	0.60	(3.89)	39.98	0.67
2023	148.80	48.5 %	2.48	(3.89)	152.69	2.54
Q1 2024	108.72	392.6 %	1.81	-	108.72	1.81
Q2 2024	108.52	116.3 %	1.84	-	108.52	1.84
Q3 2024	67.94	74.5 %	1.15	-	67.94	1.15

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2023	148.80	48.5 %	2.48	(3.89)	152.69	2.54

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q4 2023	100.00 %	90.08 %	84.63 %
2023	100.00 %	90.16 %	84.76 %
Q1 2024	100.00 %	91.07 %	86.43 %
Q2 2024	100.00 %	92.29 %	86.81 %
Q3 2024	100.00 %	-	86.29 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2023	100.00 %	90.16 %	84.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q4 2023	100.00 %	87.03 %	74.54 %
Q1 2024	100.00 %	92.11 %	89.20 %
Q2 2024	100.00 %	96.15 %	90.73 %
Q3 2024	100.00 %	-	83.15 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q4 2023	60.00	2.45	2.52	16.59
Q1 2024	60.00	3.90	3.96	18.40
Q2 2024	59.00	4.95	5.02	19.21
Q3 2024	59.00	5.45	5.51	20.33

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2023	60.00	2.48	2.54	16.59

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q4 2023	11.48	11.18	1.73
Q1 2024	10.34	10.17	2.19
Q2 2024	8.97	8.85	2.27
Q3 2024	6.85	6.77	1.81

Period	P/E	Adjusted P/E	Price/book
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
2023	11.36	11.07	1.73

Business Segments (Million)

Compared With The

Period	Services and Invesments sector	Glass industry	Petrochemical sector	Industrial Services Segment ( Energy and Utilities)	Others
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	-	-	-
Q1 2024	116.52	5.36	-	-	0.01
Q2 2024	32.91	86.69	-	-	0.03

Period	Services and Invesments sector	Glass industry	Petrochemical sector	Industrial Services Segment ( Energy and Utilities)	Others
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
2023	78.01	62.07	2.50	37.58	0.02

Financial Ratios

	Current
Market Cap (M Riyal)	2,121.00
Enterprise Value (EV) (M)	1,626.76
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)	6.52
P/E (TTM)	6.60
Price/book	1.74
Return on Average Assets (%) (TTM)	27.3
Return on Average Equity (%) (TTM)	29.4

Saudi Advanced Industries Co. (SAIC)

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SAIC’s 9M 2024 profit jumps to SAR 285.2M; Q3 at SAR 67.9M

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

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Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

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Revenue by Business Segment (Latest) 2024 Q3

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SAIC’s 9M 2024 profit jumps to SAR 285.2M; Q3 at SAR 67.9M

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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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Saudi Advanced Industries Co. (SAIC)

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Business Segments (Million)