For the year ended 31 December 2021
(Saudi Arabian Riyals)
| For the year ended 31 December | |||
| Notes | 2021 | 2020 | |
| Operating revenue | 24 | 1,166,080,140 | 1,079,635,090 |
| Operating costs | 25 | (345,391,599) | (325,233,118) |
| Gross profit | 820,688,541 | 754,401,972 | |
| General and administrative expenses | 26 | (209,669,462) | (192,583,382) |
| Impairment reversal/(loss) on financial assets | 27 | 814,878 | (18,659,796) |
| Operating profit | 611,833,957 | 543,158,794 | |
| Investment income | 28 | 40,596,274 | 38,797,145 |
| Share of loss in equity-accounted investee | 6 | (3,279,208) | (2,101,685) |
| Finance cost | (956,484) | (253,057) | |
| Other income | 5,732,352 | 4,478,947 | |
| Non-operating profit | 42,092,934 | 40,921,350 | |
| Profit for the year before Zakat | 653,926,891 | 584,080,144 | |
| Zakat expense | 23 | (66,223,360) | (83,561,274) |
| Net profit for the year | 587,703,531 | 500,518,870 | |
| Other comprehensive income: | |||
| Item that will not be reclassified to profit or loss | |||
| Remeasurement of employees’ end-of-service benefits liability | 15 | (9,885,004) | (5,301,735) |
| Other comprehensive loss for the year | (9,885,004) | (5,301,735) | |
| Total comprehensive profit for the year | 577,818,527 | 495,217,135 | |
| Basic and diluted earnings per share | 29 | 4.90 | 4.17 |
The accompanying Notes from (1) through (37) form an integral part of these consolidated financial statements.
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| Chairperson | Group Chief Executive Officer | Group Chief Financial Officer |