Dear Shareholders,

Dear shareholders,

On behalf of myself and the esteemed members of the Board of Directors, I would like to extend my sincere thanks and appreciation to all of you for responding to our invitation to attend the General Assembly Meeting of our Company. It is my pleasure to present to you the annual report on the company’s performance, achievements, and financial statements for the year 2024.

The company has continued its successful journey, based on the diligent efforts of the executive management team at all levels, guided by the execution of the Board’s plans and directives. The company has executed a program to rationalize and reduce costs, optimizing its operations in line with market conditions, and introducing modern technological solutions to improve the scope of its operations. These cost-saving measures have coincided with the company’s ongoing commitment to achieving the highest safety standards, customer service, and product quality.

The company’s profits for 2024 have increased to 6.06 million dinars, reflecting a 57% increase compared to 2023. Sales also grew by 3%, reaching 51.4 million dinars. The implementation of the company’s strategy to diversify income sources has strengthened profits in 2024, particularly through increased investments in the real estate and oil services sectors.

For over 65 years, National Industries Company has been applying advanced technologies to improve efficiency and sustainability, aiming to reduce its environmental impact and protect the environment. In line with this, the company has worked on enhancing production methods to meet globally recognized international standards, including the Environmental Product Declaration (EPD) standard. This internationally recognized standard signifies the company’s commitment to measuring and reducing the environmental impact of its products and services.

The Board of Directors, in its meeting held on 6/2/2025, recommended to the General Assembly of Shareholders a dividend distribution of 10%, equivalent to 10 fils per share, for the fiscal year 2024.

In conclusion, I would like to express my sincere gratitude to the company’s shareholders for their trust in the company’s management and staff. I pray to Allah, the Almighty, that we have succeeded in growing the company’s assets, maximizing shareholders’ rights, and achieving the desired profits for the year 2024. I also ask for His guidance for even more success in the years to come.

God grants success,,

Abdulaziz Ibrahim Al-Rabiah
Chairman