Riyadh – Mubasher: Knowledge Net Company announced the resignation of Mohammad Ahmed Attiya from his position as its CEO.
Fahad Suliman El Eidy succeeded Attiya and took over his role on 1 January 2024, according to a bourse disclosure.
Last July, the company’s shareholders approved the payment of SAR 1.75 million as cash dividends for 2022.
In the first six months (6M) of 2023, Knowledge Net incurred net losses after Zakat and tax valued at SAR 4.63 million, against net profits of SAR 4.27 million in the year-ago period.
Revenues fell by 17.18% to SAR 25.10 million as of 30 June 2023 from SAR 30.31 million in 6M-22.
Loss per share hit SAR 1.24 in the first half (H1) of 2023, versus earnings per share (EPS) valued at SAR 1.39 a year earlier.
