“Al -Lazen” accepts two -year -old profit distribution policy

The Board of Directors of “Al -Lazen Holding” has announced the approval of the policy of distributing profits to shareholders over the period two years (2025 – 2026), the General Assembly must submit for approval at the next meeting. Shares of the company rose by 10 per cent during Sunday’s first trading and reached 38 reals after the announcement.

According to the proposed approach, 0.75 reels are distributed to each share in the quarter, which begins from the first quarter of 2025 to the end of 2026. The company has suggested that the continuation of this policy would be affected by factors such as changes in company strategies, increased investments and future financing responsibilities.

Reducing risks

“Al -Lazen” recorded 50.7 million Reals losses in late 2024, compared to 82 million reals in 2023.

The company’s management gain increased by 55 percent to 109 million reals, compared to 70 million reals in the previous year.

In the fourth quarter of last year, the company achieved sales with a value of 358 million reals, which grew by 104 % on an annual basis.

Investments and expansions

“Al -Lazen” has invested more than 700 million reals in the new industrial project and allocated 800 million reals for basic equipment and equipment. The initial construction work has begun and the main execution contracts for the competition are scheduled for the first quarter of 2025.

In the first quarter of 2024, the company increased its share from 98.64 per cent to 100 per cent in “Natept”. At another stage, an agreement signed 35 percent of its stake in its share to “Basel International Holding” at 1.879 billion Riyales, which achieved 535 million rials and some part of it.

“Nateb” results in 2024

“NATAB” rose 13.8 percent to 1.499 billion reals, increasing prices by 3.5 percent and an increase of 10 percent of its sale. Net profit reached 130.7 million reals, up 23.5 % in 2023, compared to 105.8 million reals in 2023. The total shareholders’ rights reached 2.894 billion riyal, while the remaining profits were 946.6 million.

The form of a future

“Al -Lazen” hopes that its new project will increase its polypropylene production from 380 thousand tonnes to 600 thousand tonnes, which increase over 60 percent.

“Al -Lazen Holding” was established in 1991, with 692 million reals capital, and working to develop industrial projects in various fields.