2023 Financial Outlook
Digital Business
Revenue
SAR Millions
+47%
969
657
Gross Profit
SAR Millions
309
Q1 2022
Q1 2023
Q1 2022
Key Highlights
>
Strong revenue growth across current products.
+45%
448
Products Revenue
SAR Millions
+53%
+26%
895
586
588
+105%
436
307
Q1 2023
150
Q1 2022
Q1 2023
+47.1% GP Margin %
+46.2%
> Increase in Gross Profit led by products revenue growth and projects margin improvement.
>
As a result of growth in the products revenue mix, the top 5 products contribution decreased to 66% (2022: 74%)
> Top 5 products witnessed continuous growth due to several factors, including the introduction of new services, increase
in customer base.
> Others also witnessed impressive growth, driven by the strong performance from Hajj and Umrah Related products.
Top 5 Products
Others
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