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The losses (before minority interest) increased to SAR 19 million from SAR 4.1 million in 2023. Al Kathiri reported higher provisions for credit losses, which impacted operating profit. In addition, ...

The company saw significant growth in market capitalization during 2020 and 2021, which helped Musk join the ranks of the world’s top 10 richest people by September 2021. At its peak in November ...