Al-Ofooq Education profits rise 52.6%
AlOfoq Educational Company achieved a 52.63% increase in its annual profits for the fiscal year ending June 30, 2026, with net profit rising to 15.18 million SAR compared to 9.94 million SAR in the previous year. Its revenues also increased by 66.56%, reaching 67.9 million SAR, driven by the opening of a new branch and an increase in student numbers. The company announced a cash dividend distribution of 5 million SAR, equivalent to 2 SAR per share, which is 20% of the face value. The dividends are scheduled to be deposited into shareholders' accounts starting September 22, 2026.
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