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AHC realizes net loss of JD0.66 million in Q1 2024


According to  the financial statements of the Arab Hotels Company AHC for the 1st Quarter of 2024, Net Loss after tax of the period reached (655,083) JD Compared with Net Loss after tax (405,959) JD for 2023, a net increase in loss of 61.37%.Total assets of the company reached 22,780,102 JD compared with total assets of 22,800,550 JD at the end of year 2023, a net decrease of 0.09%.Total liabilities of the company reached 14,752,664 JD compared with total liabilities of 14,118,029 JD at the end of year 2023, a net increase of 4.49%. Net ownership equity of the company reached 8,027,438 JD compared with total owner equity of 8,682,521 JD at the end of year 2023, a net decrease of 7.54%.



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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