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30-03-14

Saudi investment firms post 5.4 percent rise in sales

(MENAFN) Saudi listed industrial investment firms registered a 5.4 percent growth in sales to reach USD4.950 billion in 2013 compared to USD4.69 billion in 2012, according to Arab News. The industrial firms' net profit boosted by 16.3 percent to reach USD829 million by the end of 2013 compared to USD714 million a year earlier. Saudi Arabian Mining Company (Maaden) ranked first in profit-making among the firms after having increased its profits by 54.21 percent, reaching USD447 million in 2013 compared to USD290 million in 2012.