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ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03

According to the financial statements of Arkaan Real Estate Company ARKAAN for year 2023, Net Loss after tax of the period reached (9,985,000) USD Compared with Net profit after tax 9,307,000 USD for 2022.Total assets of the company reached 471,567,000 USD compared with total assets of 478,011,000 USD at the end of year 2022, a net decrease of 1.35%.Total liabilities of the company reached 53,170,000 USD compared with total liabilities of 56,792,000 USD at the end of year 2022, a net decrease of 6.37%. Net ownership equity of the company reached 418,397,000 USD (Including Non-Controlling Interests of 23,500,000 USD) compared with total owner equity of 421,219,000 USD (Including Non-Controlling Interests of 28,890,000 USD) at the end of year 2022, a net decrease of 0.67%.