Al-Baha 9M 2024 profit rises to SAR 1.8M; Q3 loss at SAR 389,000

15/10/2024 Argaam Exclusive

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Al-Baha Investment and Development Co.'s net profit (after minority interest) advanced to SAR 1.8 million in the first nine months of 2024, from SAR 1.7 million a year before.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	11.70	13.48	15.2 %
Gross Income	8.38	10.14	21.0 %
Operating Income	5.33	6.02	12.9 %
Net Income	1.71	1.77	3.4 %
Average Shares	2,182.95	2,182.95	-
EPS (Halala)	0.08	0.08	3.4 %

The annual profit growth was buoyed by increased revenues on higher occupancy rates, as well as a 44% year-on-year (YoY) decrease in financing costs.

In Q3 2024, the company turned to a net loss of SAR 389,000, from net earnings of SAR 1.36 million in the year-earlier period.

The company attributed the third-quarter loss to the three-month revenue decline on higher vacancies at the group's complexes. In addition, it posted a rise in the credit loss provisions expense to SAR 1.85 million in Q3 2024, from SAR 254,895 in the same quarter of 2023. The group's Zakat provision expense also leapt by 56% YoY to SAR 837,893.

On a sequential basis, Al-Baha’s bottom line dropped 116% from SAR 2.47 million in Q2 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	4.63	4.52	(2.3 %)
Gross Income	3.49	3.42	(2.2 %)
Operating Income	2.35	0.64	(72.9 %)
Net Income	1.36	(0.39)	(128.6 %)
Average Shares	2,182.95	2,182.95	-
EPS (Halala)	0.06	(0.02)	(128.6 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	4.50	4.52	0.5 %
Gross Income	3.41	3.42	0.4 %
Operating Income	3.59	0.64	(82.2 %)
Net Income	2.47	(0.39)	(115.7 %)
Average Shares	2,182.95	2,182.95	-
EPS (Halala)	0.11	(0.02)	(115.7 %)

Shareholders’ equity, after minority interest, reached SAR 216.64 million as of Sept. 30, 2024, compared to SAR 213.09 million a year earlier.

Accumulated losses reached SAR 80.35 million, representing 27% of capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	0.41	-	0.15	-	0.04	103.4 %
Q2 2015	0.62	-	0.13	-	0.01	100.6 %
Q3 2015	1.63	-	0.10	-	0.01	100.6 %
Q4 2015	2.86	-	0.23	-	0.02	102.1 %
2015	5.52	-	0.61	-	0.07	101.7 %
Q1 2016	1.68	308.5 %	0.13	(17.8 %)	0.01	(76.3 %)
Q2 2016	1.51	143.9 %	0.14	7.0 %	0.01	(14.3 %)
Q3 2016	2.88	77.1 %	0.18	81.4 %	0.01	20.0 %
Q4 2016	2.81	(2.0 %)	0.17	(26.0 %)	(0.15)	(894.7 %)
2016	8.88	60.8 %	0.61	0.2 %	0.03	(58.0 %)
Q1 2017	2.21	31.4 %	0.15	17.6 %	0.01	(33.3 %)
Q2 2017	0.57	(62.1 %)	0.57	314.5 %	(0.31)	(5216.7 %)
Q3 2017	0.36	(87.6 %)	0.36	103.4 %	(0.24)	(4083.3 %)
Q4 2017	4.23	50.8 %	1.61	843.9 %	0.28	288.1 %
2017	7.37	(17.0 %)	2.69	341.1 %	(0.26)	(982.8 %)
Q1 2018	3.01	36.2 %	1.39	845.6 %	0.75	12366.7 %
Q2 2018	2.87	401.9 %	1.56	173.4 %	0.86	380.1 %
Q3 2018	2.29	540.8 %	1.04	190.5 %	0.38	259.4 %
Q4 2018	1.50	(64.5 %)	0.80	(50.3 %)	0.24	(15.5 %)
2018	9.68	31.3 %	4.80	78.3 %	2.23	970.7 %
Q1 2019	2.40	(20.3 %)	1.33	(4.5 %)	0.58	(22.3 %)
Q2 2019	2.45	(14.6 %)	1.40	(10.4 %)	0.58	(32.6 %)
Q3 2019	2.84	23.9 %	1.73	66.0 %	0.85	121.8 %
Q4 2019	2.74	82.4 %	1.22	52.6 %	0.21	(10.8 %)
2019	10.44	7.8 %	5.68	18.4 %	2.22	(0.4 %)
Q1 2020	2.76	14.8 %	1.67	25.8 %	0.94	61.6 %
Q2 2020	2.89	17.9 %	1.86	32.8 %	1.12	93.1 %
Q3 2020	2.62	(7.9 %)	1.51	(12.3 %)	0.68	(19.1 %)
Q4 2020	2.91	6.2 %	1.27	3.5 %	(3.49)	(1731.8 %)
2020	11.18	7.1 %	6.31	11.1 %	(0.75)	(133.7 %)
Q1 2021	2.54	(7.8 %)	1.32	(20.9 %)	(0.55)	(159.0 %)
Q2 2021	2.81	(3.0 %)	1.58	(15.2 %)	(0.93)	(183.2 %)
Q3 2021	2.59	(1.1 %)	1.27	(16.2 %)	(0.11)	(115.4 %)
Q4 2021	3.47	19.4 %	2.21	74.0 %	(5.88)	(68.3 %)
2021	11.41	2.1 %	6.37	1.0 %	(7.47)	(898.4 %)
Q1 2022	2.55	0.5 %	1.08	(18.1 %)	0.40	172.4 %
Q2 2022	2.62	(6.6 %)	1.17	(26.1 %)	0.41	143.7 %
Q3 2022	2.80	8.3 %	1.30	2.3 %	0.20	291.4 %
Q4 2022	3.54	2.0 %	2.27	3.1 %	(2.61)	55.5 %
2022	11.52	1.0 %	5.82	(8.7 %)	(1.60)	78.5 %
Q1 2023	3.45	35.0 %	2.34	116.6 %	1.35	235.8 %
Q2 2023	3.62	38.3 %	2.55	118.2 %	1.63	301.2 %
Q3 2023	4.63	65.2 %	3.49	169.2 %	2.35	1069.9 %
Q4 2023	4.36	23.2 %	3.29	44.7 %	5.46	309.0 %
2023	16.06	39.5 %	11.67	100.6 %	10.79	772.8 %
Q1 2024	4.45	29.1 %	3.32	41.7 %	1.79	32.6 %
Q2 2024	4.50	24.3 %	3.41	33.7 %	3.59	120.1 %
Q3 2024	4.52	(2.3 %)	3.42	(2.2 %)	0.64	(72.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	(4.01)	57.7 %
2015	5.52	-	0.61	-	0.07	101.7 %
2016	8.88	60.8 %	0.61	0.2 %	0.03	(58.0 %)
2017	7.37	(17.0 %)	2.69	341.1 %	(0.26)	(982.8 %)
2018	9.68	31.3 %	4.80	78.3 %	2.23	970.7 %
2019	10.44	7.8 %	5.68	18.4 %	2.22	(0.4 %)
2020	11.18	7.1 %	6.31	11.1 %	(0.75)	(133.7 %)
2021	11.41	2.1 %	6.37	1.0 %	(7.47)	(898.4 %)
2022	11.52	1.0 %	5.82	(8.7 %)	(1.60)	78.5 %
2023	16.06	39.5 %	11.67	100.6 %	10.79	772.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items
Q1 2015	0.04	103.4 %	0.00	-	0.04
Q2 2015	0.01	100.6 %	0.00	-	0.01
Q3 2015	0.01	100.5 %	0.00	-	0.01
Q4 2015	0.02	101.9 %	0.00	-	0.02
2015	0.07	101.6 %	0.00	-	0.07
Q1 2016	0.01	(76.3 %)	0.00	-	0.01
Q2 2016	0.01	(14.3 %)	0.00	-	0.01
Q3 2016	0.01	20.0 %	0.00	-	0.01
Q4 2016	(0.15)	(994.1 %)	(0.01)	-	(0.15)
2016	0.03	(58.2 %)	0.00	-	0.03
Q1 2017	0.01	(33.3 %)	0.00	-	0.01
Q2 2017	(0.33)	(5550.0 %)	(0.01)	(2.12)	1.79
Q3 2017	(0.26)	(4416.7 %)	(0.01)	-	(0.26)
Q4 2017	4.57	3105.3 %	0.16	2.12	2.45
2017	3.99	14139.3 %	0.14	2.12	1.87
Q1 2018	0.61	10000.0 %	0.02	-	0.61
Q2 2018	(12.19)	(3,627.8 %)	(0.41)	(12.29)	0.10
Q3 2018	0.28	206.6 %	0.01	-	0.28
Q4 2018	(0.02)	(100.4 %)	0.00	-	(0.02)
2018	(11.33)	(384.0 %)	(0.38)	(12.29)	0.97
Q1 2019	(0.69)	(213.4 %)	(0.02)	-	(0.69)
Q2 2019	0.09	100.7 %	0.00	-	0.09
Q3 2019	0.13	(54.3 %)	0.00	-	0.13
Q4 2019	(4.86)	(26,877.8 %)	(0.16)	(3.65)	(1.20)
2019	(5.33)	53.0 %	(0.18)	(3.65)	(1.67)
Q1 2020	0.27	139.4 %	0.01	-	0.27
Q2 2020	0.31	238.5 %	0.01	-	0.31
Q3 2020	0.11	(16.7 %)	0.00	-	0.11
Q4 2020	(29.28)	(502.9 %)	(0.99)	(22.58)	(6.70)
2020	(28.59)	(436.9 %)	(0.96)	(22.58)	(6.01)
Q1 2021	(0.95)	(451.3 %)	(0.03)	-	(0.95)
Q2 2021	(0.66)	(315.3 %)	(0.02)	-	(0.66)
Q3 2021	(0.82)	(880.0 %)	(0.03)	-	(0.82)
Q4 2021	(5.91)	79.8 %	(0.20)	-	(5.91)
2021	(8.34)	70.8 %	(0.28)	-	(8.34)
Q1 2022	(4.10)	(330.4 %)	(0.14)	(4.00)	(0.10)
Q2 2022	(0.20)	70.6 %	(0.01)	-	(0.20)
Q3 2022	(0.60)	26.5 %	(0.02)	-	(0.60)
Q4 2022	(3.08)	47.9 %	(0.10)	1.44	(4.52)
2022	(7.98)	4.4 %	(0.27)	(2.56)	(5.42)
Q1 2023	0.16	103.9 %	0.01	-	0.16
Q2 2023	0.19	196.9 %	0.01	-	0.19
Q3 2023	1.36	325.9 %	0.06	-	1.36
Q4 2023	1.79	158.0 %	0.08	-	1.79
2023	3.50	143.8 %	0.16	-	3.50
Q1 2024	(0.32)	(299.6 %)	(0.01)	-	(0.32)
Q2 2024	2.47	1207.3 %	0.11	-	2.47
Q3 2024	(0.39)	(128.6 %)	(0.02)	-	(0.39)

Period	Net Income	Change	EPS(Halala)	Extraordinary Income/Expense	Net Profit Before Unusual Items
2014	(4.10)	94.8 %	(0.16)	-	(4.10)
2015	0.07	101.6 %	0.00	-	0.07
2016	0.03	(58.2 %)	0.00	-	0.03
2017	3.99	14139.3 %	0.14	2.12	1.87
2018	(11.33)	(384.0 %)	(0.38)	(12.29)	0.97
2019	(5.33)	53.0 %	(0.18)	(3.65)	(1.67)
2020	(28.59)	(436.9 %)	(0.96)	(22.58)	(6.01)
2021	(8.34)	70.8 %	(0.28)	-	(8.34)
2022	(7.98)	4.4 %	(0.27)	(2.56)	(5.42)
2023	3.50	143.8 %	0.16	-	3.50

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	36.89 %	(312.14 %)	(717.23 %)
Q2 2015	27.26 %	(62.37 %)	(173.33 %)
Q3 2015	14.22 %	(11.62 %)	(31.37 %)
Q4 2015	11.03 %	1.25 %	1.21 %
2015	11.03 %	1.25 %	1.21 %
Q1 2016	8.57 %	0.59 %	0.56 %
Q2 2016	7.69 %	0.51 %	0.48 %
Q3 2016	7.50 %	0.45 %	0.43 %
Q4 2016	6.87 %	(1.46 %)	(1.48 %)
2016	6.87 %	0.33 %	0.32 %
Q1 2017	6.72 %	(1.41 %)	(1.42 %)
Q2 2017	12.58 %	0.32 %	19.45 %
Q3 2017	20.99 %	3.30 %	23.26 %
Q4 2017	36.50 %	11.73 %	54.10 %
2017	36.50 %	11.73 %	25.39 %
Q1 2018	48.13 %	22.42 %	56.14 %
Q2 2018	47.04 %	26.27 %	27.71 %
Q3 2018	45.20 %	25.64 %	27.70 %
Q4 2018	49.55 %	32.34 %	9.98 %
2018	49.56 %	32.35 %	9.98 %
Q1 2019	52.20 %	43.69 %	(3.61 %)
Q2 2019	52.84 %	54.86 %	(3.91 %)
Q3 2019	57.15 %	68.57 %	(5.31 %)
Q4 2019	54.42 %	70.70 %	(16.03 %)
2019	54.43 %	70.69 %	(16.03 %)
Q1 2020	55.80 %	70.86 %	(6.63 %)
Q2 2020	57.71 %	71.52 %	(4.43 %)
Q3 2020	56.97 %	69.81 %	(4.72 %)
Q4 2020	56.48 %	326.09 %	(53.82 %)
2020	56.48 %	326.09 %	(53.81 %)
Q1 2021	54.41 %	318.89 %	(66.04 %)
Q2 2021	52.25 %	302.58 %	(75.50 %)
Q3 2021	50.14 %	297.00 %	(84.23 %)
Q4 2021	55.89 %	(23.93 %)	(73.15 %)
2021	55.88 %	(23.93 %)	(73.15 %)
Q1 2022	53.73 %	(14.10 %)	(65.62 %)
Q2 2022	50.95 %	(0.93 %)	(62.54 %)
Q3 2022	50.25 %	2.45 %	(59.47 %)
Q4 2022	50.54 %	30.20 %	(47.04 %)
2022	50.53 %	30.20 %	(47.03 %)
Q1 2023	57.07 %	32.38 %	(41.55 %)
Q2 2023	63.09 %	36.10 %	(35.59 %)
Q3 2023	69.93 %	43.48 %	(18.45 %)
Q4 2023	72.68 %	89.95 %	21.77 %
2023	72.67 %	89.95 %	21.77 %
Q1 2024	74.13 %	87.43 %	17.70 %
Q2 2024	75.28 %	94.22 %	29.54 %
Q3 2024	75.30 %	85.07 %	19.92 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	-	-	-
2015	11.03 %	1.25 %	1.21 %
2016	6.87 %	0.33 %	0.32 %
2017	36.50 %	11.73 %	25.39 %
2018	49.56 %	32.35 %	9.98 %
2019	54.43 %	70.69 %	(16.03 %)
2020	56.48 %	326.09 %	(53.81 %)
2021	55.88 %	(23.93 %)	(73.15 %)
2022	50.53 %	30.20 %	(47.03 %)
2023	72.67 %	89.95 %	21.77 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	36.89 %	9.22 %	9.22 %
Q2 2015	20.84 %	1.13 %	1.13 %
Q3 2015	5.96 %	0.31 %	0.31 %
Q4 2015	8.07 %	0.66 %	0.59 %
Q1 2016	7.43 %	0.53 %	0.53 %
Q2 2016	9.14 %	0.40 %	0.40 %
Q3 2016	6.10 %	0.21 %	0.21 %
Q4 2016	6.10 %	(5.38 %)	(5.42 %)
Q1 2017	6.65 %	0.27 %	0.27 %
Q2 2017	100.00 %	29.02 %	312.59 %
Q3 2017	100.00 %	48.88 %	(72.35 %)
Q4 2017	38.15 %	12.24 %	57.98 %
Q1 2018	46.15 %	32.30 %	20.12 %
Q2 2018	54.48 %	37.79 %	3.55 %
Q3 2018	45.34 %	26.42 %	12.03 %
Q4 2018	53.40 %	31.03 %	(1.20 %)
Q1 2019	55.29 %	75.15 %	(28.60 %)
Q2 2019	57.14 %	76.18 %	3.71 %
Q3 2019	60.73 %	76.28 %	4.43 %
Q4 2019	44.69 %	56.12 %	(43.92 %)
Q1 2020	60.57 %	75.19 %	9.83 %
Q2 2020	64.35 %	77.94 %	10.65 %
Q3 2020	57.85 %	69.51 %	4.01 %
Q4 2020	43.55 %	1,041.39 %	(230.25 %)
Q1 2021	51.99 %	22.83 %	(37.47 %)
Q2 2021	56.29 %	7.27 %	(23.64 %)
Q3 2021	49.05 %	43.41 %	(31.66 %)
Q4 2021	63.51 %	(133.53 %)	(170.19 %)
Q1 2022	42.36 %	66.52 %	(3.99 %)
Q2 2022	44.56 %	65.25 %	(7.45 %)
Q3 2022	46.32 %	53.85 %	(21.48 %)
Q4 2022	64.20 %	(40.63 %)	(127.58 %)
Q1 2023	67.98 %	64.95 %	4.61 %
Q2 2023	70.31 %	69.95 %	5.22 %
Q3 2023	75.48 %	71.13 %	29.37 %
Q4 2023	75.39 %	146.28 %	40.98 %
Q1 2024	74.60 %	60.94 %	(7.12 %)
Q2 2024	75.65 %	100.44 %	54.89 %
Q3 2024	75.55 %	34.49 %	(8.59 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
Q1 2015	2,511.87	(0.12)	(0.12)	0.00
Q2 2015	2,511.87	(0.07)	(0.07)	0.00
Q3 2015	2,511.87	(0.03)	(0.03)	0.00
Q4 2015	2,511.87	0.00	0.00	0.00
Q1 2016	2,511.87	0.00	0.00	0.00
Q2 2016	2,511.87	0.00	0.00	0.00
Q3 2016	2,511.87	0.00	0.00	0.00
Q4 2016	2,511.87	(0.01)	(0.01)	0.00
Q1 2017	2,850.97	0.00	0.00	0.00
Q2 2017	2,850.97	(0.02)	0.06	0.05
Q3 2017	2,850.97	(0.03)	0.05	0.05
Q4 2017	2,850.97	0.14	0.14	0.05
Q1 2018	2,964.00	0.15	0.15	0.05
Q2 2018	2,964.00	(0.25)	0.10	0.05
Q3 2018	2,964.00	(0.23)	0.12	0.05
Q4 2018	2,964.00	(0.38)	0.03	0.05
Q1 2019	2,964.00	(0.43)	(0.01)	0.05
Q2 2019	2,964.00	(0.01)	(0.01)	0.05
Q3 2019	2,964.00	(0.02)	(0.02)	0.05
Q4 2019	2,964.00	(0.18)	(0.06)	0.05
Q1 2020	2,964.00	(0.15)	(0.02)	0.05
Q2 2020	2,964.00	(0.14)	(0.02)	0.05
Q3 2020	2,964.00	(0.14)	(0.02)	0.05
Q4 2020	2,964.00	(0.96)	(0.20)	0.04
Q1 2021	2,964.00	(1.01)	(0.24)	0.04
Q2 2021	2,964.00	(1.04)	(0.28)	0.04
Q3 2021	2,964.00	(1.07)	(0.31)	0.04
Q4 2021	2,964.00	(0.28)	(0.28)	0.03
Q1 2022	2,970.00	(0.39)	(0.25)	0.07
Q2 2022	2,970.00	(0.37)	(0.24)	0.07
Q3 2022	2,970.00	(0.36)	(0.23)	0.07
Q4 2022	2,970.00	(0.27)	(0.18)	0.07
Q1 2023	2,182.95	(0.17)	(0.24)	0.10
Q2 2023	2,182.95	(0.15)	(0.22)	0.10
Q3 2023	2,182.95	(0.06)	(0.13)	0.10
Q4 2023	2,182.95	0.16	0.16	0.10
Q1 2024	2,182.95	0.14	0.14	0.10
Q2 2024	2,182.95	0.24	0.24	0.10
Q3 2024	2,182.95	0.16	0.16	0.10

Period	Shares Outstanding (M)	EPS (Halala)	Adjusted EPS (Halala)	Book Value (BV)
2014	2,511.87	(0.16)	(0.16)	0.00
2015	2,511.87	0.00	0.00	0.00
2016	2,511.87	0.00	0.00	0.00
2017	2,850.97	0.14	0.07	0.05
2018	2,964.00	(0.38)	0.03	0.05
2019	2,964.00	(0.18)	(0.06)	0.05
2020	2,964.00	(0.96)	(0.20)	0.04
2021	2,964.00	(0.28)	(0.28)	0.03
2022	2,970.00	(0.27)	(0.18)	0.07
2023	2,182.95	0.16	0.16	0.10

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	NEG	NEG	123.56
Q2 2015	NEG	NEG	123.41
Q3 2015	NEG	NEG	123.19
Q4 2015	More than 100	More than 100	122.62
Q1 2016	More than 100	More than 100	122.34
Q2 2016	More than 100	More than 100	122.15
Q3 2016	More than 100	More than 100	121.97
Q4 2016	NEG	NEG	121.75
Q1 2017	NEG	NEG	121.57
Q2 2017	NEG	More than 100	2.74
Q3 2017	NEG	More than 100	4.13
Q4 2017	More than 100	More than 100	3.34
Q1 2018	99.49	99.49	2.97
Q2 2018	NEG	More than 100	3.11
Q3 2018	NEG	94.00	2.28
Q4 2018	NEG	More than 100	3.59
Q1 2019	NEG	NEG	3.26
Q2 2019	NEG	NEG	3.01
Q3 2019	NEG	NEG	2.53
Q4 2019	NEG	NEG	2.72
Q1 2020	NEG	NEG	2.12
Q2 2020	NEG	NEG	2.23
Q3 2020	NEG	NEG	5.48
Q4 2020	NEG	NEG	7.81
Q1 2021	NEG	NEG	8.16
Q2 2021	NEG	NEG	8.17
Q3 2021	NEG	NEG	8.16
Q4 2021	NEG	NEG	7.64
Q1 2022	NEG	NEG	2.66
Q2 2022	NEG	NEG	2.22
Q3 2022	NEG	NEG	2.07
Q4 2022	NEG	NEG	1.63
Q1 2023	NEG	NEG	1.85
Q2 2023	NEG	NEG	2.80
Q3 2023	NEG	NEG	2.11
Q4 2023	More than 100	More than 100	1.96
Q1 2024	More than 100	More than 100	1.96
Q2 2024	67.94	67.94	1.66
Q3 2024	More than 100	More than 100	3.05

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	124.78
2015	More than 100	More than 100	122.62
2016	More than 100	More than 100	121.75
2017	More than 100	More than 100	3.34
2018	NEG	More than 100	3.59
2019	NEG	NEG	2.72
2020	NEG	NEG	7.81
2021	NEG	NEG	7.64
2022	NEG	NEG	1.63
2023	More than 100	More than 100	1.96

Business Segments (Million)

Compared With The

Period	Rents	The main center
Q1 2019	2.40	-
Q2 2019	2.45	-
Q3 2019	2.84	-
Q4 2019	2.74	-
Q1 2020	2.76	-
Q2 2020	2.89	-
Q3 2020	2.62	-
Q4 2020	2.91	-
Q1 2021	2.54	-
Q2 2021	2.80	-
Q3 2021	2.59	-
Q4 2021	3.47	-
Q1 2022	2.55	-
Q2 2022	2.33	0.29
Q3 2022	2.80	-
Q1 2023	3.45	-

Period	Rents	The main center
2018	9.68	-
2019	10.44	-
2020	11.18	-
2021	11.41	-
2022	11.52	-
2023	16.06	-

Financial Ratios

	Current
Market Cap (M Riyal)	960.50
Enterprise Value (EV) (M)	967.12
Shares Outstanding ((M))	2,182.95
EPS (Halala) (TTM)	0.16
Book Value (BV) ( Riyal)	0.10
Par Value ( Halala)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	4.43
Return on Average Assets (%) (TTM)	1.3
Return on Average Equity (%) (TTM)	1.7

Al-Baha Investment and Development Co. (ALBAHA)

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Al-Baha 9M 2024 profit rises to SAR 1.8M; Q3 loss at SAR 389,000

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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)

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Al-Baha Investment and Development Co. (ALBAHA)

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Al-Baha 9M 2024 profit rises to SAR 1.8M; Q3 loss at SAR 389,000

View other reports

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) Q1 2023

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Al-Baha Investment and Development Co. (ALBAHA)

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Business Segments (Million)