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CGS Share Drops as Profits Fall
The share of United Greenfield Saadi Holding ("GGS") declined by more than 8% after the company announced that its annual net profits decreased by 29.62%, reaching 46.6 million riyals compared to 66.22 million riyals in the previous year, despite distributing profits of 23.3 million riyals. The stock has also fallen since the beginning of the year by 21.12%, with a trading volume of 2.48 million shares valued at 18.01 million riyals.
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