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Riyadh Cables expects to maintain double-digit profit driven by giga projects

RIYADH: In its first-ever public result after being listed on the Saudi Stock Exchange, Riyadh Cables Group Co. announced an impressive net profit of SR351.9 million ($93.84 million) for 2022, registering an increase of 46.6 percent over the previous year. The Riyadh-based firm recorded revenue growth of 40.3 percent to SR6.9 billion during the same period, while its sales ....

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