United International 2024 net profit up 5% to SAR 222.4M; Q4 at SAR 64.3M

08/01/2025 Argaam Exclusive

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United International Holding Co. posted a net profit of SAR 222.4 million in 2024, a 5% year-on-year (YoY) leap from SAR 212.2 million.

Financials (M)

Item	2023	2024	Change‬
Net income from finance commissions	460.61	543.98	18.1 %
Net Income	212.16	222.38	4.8 %
Average Shares	25.00	25.00	-
EPS (Riyals)	8.49	8.90	4.8 %

The rise in profit during the current period is attributed to a 28.4% YoY growth in the financing portfolio of United Company for Financial Services (Tasheel Finance), driven by its Shariah-compliant financing products, which resulted in a 19.1% YoY increase in revenue.

On the other hand, operating expenses increased during the current period, along with a rise in provisions for expected credit loss due to the growth in the financing portfolio.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2023	Q4 2024	Change‬
Net income from finance commissions	123.34	151.71	23.0 %
Net Income	55.35	64.25	16.1 %
Average Shares	25.00	25.00	-
EPS (Riyals)	2.21	2.57	16.1 %

Item	Q3 2024	Q4 2024	Change‬
Net income from finance commissions	140.69	151.71	7.8 %
Net Income	58.95	64.25	9.0 %
Average Shares	25.00	25.00	-
EPS (Riyals)	2.36	2.57	9.0 %

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