Saudi National Industrialization Co. swings into over $346mln profit

The bank reported a net loss of $119mln during the same period in 2020

Staff Writer, Arab News

March 10, 2022

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RIYADH: Saudi Arabia’s National Industrialization Co. swung into profit by the end of 2021, recording over SR1.3 billion ($346 million).

The bank reported a net loss of SR446 million during the same period in 2020, according to a bourse filing.

The firm attributed its performance to the increase in average selling prices of all products.

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