Saudi private sector’s profit rose 5.6% in 2017

31/07/2018 Argaam

 

Private companies and entities operating in the Saudi market saw a 5.6 percent increase in profits and 1.7 percent in revenues year-on-year in 2017, Ministry of Commerce and Investment said, referring to Qawaem program.

 

The report highlighted that the most growing sectors in 2017 including education, training activities, financial consultation activities, mining and recycling and agriculture activities.

 

 Qawaem program is a tool provided by the Ministry of Commerce and Investment to assist enterprises and audit firms to electronically submit financial statements to the Ministry of Commerce and Investment, according to the program’s website.

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