The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year: The reason for the increase in operating revenues to 46.2 million SAR in 2024 compared to 43.8 million SAR in 2023, with increase amounting 2.4 million SAR, is due to the follows:

– Increase in realized and unrealized gain from investments by fair value through profit and loss during 2024 compared to 2023 by amount 5.5 million SAR.

– Increase in Dividends income and Special commission income during 2024 compared to 2023 by amount 0.3 million SAR.

– Despite the decrease in Income from investment services and asset management during 2024 compared to 2023 by amount 3.4 million SAR as a result of some non-periodic transactions on an annual basis, represented by performance fees revenues for funds and unit trading fees during 2023 amounting to approximately 5.9 million SAR, although the company achieved an increase in fund management fee revenues during 2024 compared to 2023 by an amount of 2.9 million SAR.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is: The reason for the increase in net profit to 24.3 million SAR in 2024 compared to 20.8 million SAR in 2023, with increase amounting 3.5 million SAR, is due to the following:

– Increase in operating revenues during 2024 compared to 2023 by amount 2.4 million SAR.

– Decrease in operating expenses during 2024 compared to 2023 by amount 0.9 million SAR.

Statement of the type of external auditor’s report: Unmodified opinion

Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion): N/A

Reclassification of Comparison Items: Certain comparative figures have been reclassified to conform with the presentation for the current year

Additional Information: The total assets under management as of 31 December 2024 amounting 3.89 billion SAR.