Saudi Extra's net profit falls 11%

❇ ️ Saudi Extra's net profit falls 11%

🔸 Saudi Extra reported in a statement Monday that the company's net profit fell from a year earlier.

🔸Revenue came in at 390 million rials, while the previous year it generated net revenue of 440 million rials.

🔸 The company also stated that the reason for the decline in revenue was the negative impact as a result of higher lending rates.