Introduction

Trading company Zahrat Al-Waha announced that it received a loan of 40 million riyals from the Saudi Industrial Development Fund.

Loan Details

Today, Sunday, in a statement to Tadawul Saudi Arabia, the company said that today, August 27, 2023, it received a loan for a period of two years to finance working capital and guarantees provided in return. for financing, a promissory note presented by the company for the total value of the loan, and a pledge to pledge the company’s assets.

Net Profit Increase

The net profit of trading company Zahrat Al-Waha after zakat and taxes increased by 95.5% in the second quarter of 2023 to approximately 7.83 million rials compared to 4.01 million rials in the same quarter of the previous year.

Oasis Flower’s Net Income

On a quarterly basis, Oasis Flower’s net income recorded a 307% jump in the second quarter compared to a net income of about 1.92 million rials in the first quarter of 2023.