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ABRAJ posts net income of $0.12 million in Q1 2024


According to the financial statements of Al-Wataniah Towers Company ABRAJ for the 1st Quarter of 2024, Net profit after tax of the period reached 122,678 USD Compared with Net profit after tax 61,788 USD for 2023, a net increase in profit of 98.55%.Total assets of the company reached 28,854,299 USD compared with total assets of 28,830,849 USD at the end of year 2023, a net increase of 0.08%.Total liabilities of the company reached 2,594,033 USD compared with total liabilities of 2,675,494 USD at the end of year 2023, a net decrease of 3.04%. Net ownership equity of the company reached 26,260,266 USD compared with total owner equity of 26,155,355 USD at the end of year 2023, a net increase of 0.40%.



Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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