The Tourism Enterprises Company, “Shams”, achieved a net loss after zakat and tax of 7.3 million riyals last year, compared to about 14 million riyals net loss in the previous year, and net losses decreased in the past year by 47.82%, compared to the company’s losses in 2021.
The company explained that the reason for the decrease in the net loss is due to the increase in other revenues and the decrease in some provisions.
And she indicated in a statement to “Tadawul Saudi Arabia” that the accumulated losses at the end of the year 2022 amounted to 5.2% of the capital, while the accumulated losses at the end of the year 2021 represented 0.07% of the company’s capital, and the reason for the increase is due to the offering expenses and the capital increase during the year 2022.
Earlier this March, the Tourist Enterprises Company “Shams” announced that it had signed a non-binding memorandum of understanding with “Marassi Marine Services”, a Saudi company specialized in marine services, on potential cooperation in a project to establish a strategic partnership and establish a subsidiary specialized in the field of marine tourism and maritime transport. .
The company said in a statement that the potential cooperation in the project to establish a strategic partnership and the establishment of a subsidiary company operating in the field of marine tourism, maritime transport, investment in and operation of sea ports, and the provision of all requirements for marine operation such as yachts, pleasure boats, transport boats and mooring boats, which are available to the second party as the commercial agent of a specialized company. In this area.