Faisal Al-Dabal, CEO of Jaz Arabian Companies Firm
expectation Faisal Al-Dabal CEO of the corporate Jazz Arabian CompaniesThe corporate’s continued development within the fourth quarter of this yr, pushed by a robust file of provide orders and ongoing initiatives price greater than two billion riyals.
Al-Dabal added in an interview with: numbersCommenting on the monetary outcomes, the amount of gathered contracts on the finish of the third quarter of this yr amounted to about 2.02 billion riyals, in comparison with 1.77 billion riyals throughout the identical interval in 2024, that’s, a rise of 251 million riyals, representing a development of greater than 14%.
He attributed the rise within the firm’s earnings throughout Third quarter 2025primarily as a result of development in revenues of the technical companies sector, explaining that gross sales of the technical companies sector grew by 84% to 611 million riyals, in comparison with 331 million riyals throughout the identical interval final yr, which displays the robust demand for the specialised companies offered by the corporate on this very important sector.
He added that the revenues of affiliate firms and joint initiatives additionally contributed to supporting the monetary outcomes, as they rose by 46% to 25 million riyals, in comparison with 17 million riyals within the third quarter of final yr.
Concerning the lower in profitability margins, Al-Dabal defined that the gross margin decreased by 2.47%, from 12.28% to 9.81%, as a result of various nature of the implementation levels within the technical companies and manufacturing sectors, which differ of their ranges of profitability, along with the rise in working bills ensuing from the enlargement of focused investments.
Concerning the corporate’s plans after transferring to the principle market, the CEO of Jaz Arabia defined that the corporate is at the moment critically learning various funding alternatives that combine with its present companies, including that it intends to announce them quickly after finishing the mandatory steps and procedures by the Board of Administrators.
In line with knowledge numbersThe earnings of Jaz Arabian Companies Firm – which not too long ago moved from the parallel market to the principle market – rose to 108.3 million riyals by the tip of the primary 9 months of 2025 by 34%, in comparison with earnings of 81 million riyals achieved throughout the identical interval in 2024, whereas third-quarter earnings grew by about 8%.
