Fitaihi Holding reports significant losses in 2022 as compared to the previous year’s net profits of over 149 million.

Al-Marsad newspaper: The Fitaihi Holding Group revealed that it achieved a loss in 2022 of about 17.24 million riyals, compared to a net profit of about 149.64 million riyals in 2021.

Fitaihi Holding attributed the reasons for the loss, in a statement on “Tadawul”, to several factors, which are the achievement of exceptional capital profits from selling shares of an associate company in the amount of 125.7 million riyals during the year 2021, not to be repeated during the year 2022.

She explained that she had achieved a loss from the company’s share of the business results of an associate company during the year 2022 in the amount of 24.8 million riyals, compared to achieving a profit of 24.5 million riyals during the year 2021.