Riyadh – Mubasher: Anaam International Holding Company incurred losses of SAR 6.2 million during the first quarter of 2025, compared to profits of SAR 4.56 million in the same period last year .

The company explained in a statement on the Saudi Stock Exchange (Tadawul) on Monday that the shift to losses was due to a 31% drop in revenues from Wasit Saudi Entertainment and Beauty Systems for Industry, along with a 100% decline in rental revenues from the Al Khomrah land in Jeddah .

Revenues for the first quarter decreased by 22.9% year-on-year, reaching SAR 8.88 million, compared to SAR 11.52 million in the corresponding quarter of 2024 .

The company reported that its accumulated losses at the end of the first quarter amounted to approximately 53.98 million riyals, equivalent to 17% of its capital .