EZ Wage’s Post

𝐉𝐮𝐧𝐞 𝐌𝐨𝐧𝐭𝐡 𝐖𝐢𝐭𝐧𝐞𝐬𝐬𝐞𝐬 𝐚 𝟒𝟖% 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐏𝐨𝐢𝐧𝐭-𝐨𝐟-𝐒𝐚𝐥𝐞 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐒𝐚𝐮𝐝𝐢 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 Saudi Arabia’s point-of-sale (POS) spending surged by 48 percent, reaching SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector experiencing the most significant increase. Read More: https://bityl.co/QrnX #saudiarabia #saudinews #saudibusiness #BusinessInvestment #news #investingnews #NewsUpdate #BusinessNews

التدفق النقدي التشغيلي أحد أهم المؤشرات المالية لقياس نجاح الشركات ‏ومتى كان هذا التدفق إيجابياً وفيه نمو نتيجة الأرباح فهذا مؤشر لانطلاقة الشركة وعدم تعثرها Important Cash Flow Ratio 1) Cash sales Ratio= Cash Flow from Operations / Total Sales -measures the percentage from every 1 SAR of sale how much is generated into cash -indicates how well a company is controlling its direct cost. 2) Cash to Operating Income Ratio = Cash Flow from Operations / Operating Income -Measures the percentage of operating income that is turned into cash -Measures how efficient a company in managing its operation expense -industry average 100% and above 3) Operating Cash Flow Ratio: Cash Flow from Operations / Current Liabilities -Measures how much cash a company has generated from its core operation to cover its current liabilities

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐬 𝐭𝐡𝐞 𝐒𝐢𝐱𝐭𝐡 𝐑𝐨𝐮𝐧𝐝 𝐨𝐟 𝐢𝐭𝐬 ‘𝐒𝐚𝐡’ 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 Saudi Arabia has launched the sixth round of its subscription-based savings product, Sah, for August, offering a competitive return of 5.48 percent. Read More: https://bityl.co/RQRI #saudiarabia #SaudiArabiaNews #saudinews #sah #savingprogram #saudiarabia2024 #news #NewsUpdate #Businessnews #businessnewsupdates

Saudi Tadawul Group's net profit declines by about 8% in 2023. Read the full news article here: https://lnkd.in/e-BTc8F9 Saudi Tadawul Group #Fortune500Arabia

💡 Curious about your thoughts! When it comes to personal finance, the 50/30/20 rule is a popular guideline: 🔹 50% for needs (housing, utilities, groceries, etc.) 🔹 30% for wants (entertainment, dining out, etc.) 🔹 20% for savings/investments. But here’s a question I’m curious about... 🤔 What do you think is the minimum monthly salary required for someone to comfortably follow the 50/30/20 rule in Saudi Arabia’s current economy? 🔹 Would this vary based on the city or lifestyle? 🔹 How does inflation and the cost of living here impact this? 🔹 Is this rule still realistic for most people in Saudi Arabia today? I’d love to hear your thoughts, experiences, and advice! Let’s get a discussion going in the comments. 💬👇 #SaudiArabia #PersonalFinance #Budgeting #FinancialFreedom #MoneyTalks #Inflation #Salary #FinancialGoals #SaudiEconomy

Don't miss out on the strategic advantages of establishing your regional head quarter in Saudi Arabia. From tax incentives to unparalleled market access, Saudi Arabia offers a strong foundation for your company's growth. #RHQ #SaudiArabia #BusinessAdvantages

NSK Consultants is licensed by the Ministry of Commerce in Saudi Arabia to provide top-notch consultation services within the Kingdom. #NSKConsultants #SaudiArabia #ConsultationServices #LicensedConsultants #ExpertiseMatters #ProfessionalGuidance #BusinessSuccess #IndustryLeadership #EconomicInsights #FinancialAdvisory

Hello everyone, I thought to share my latest presentation on the Zakat base calculation for organizations in the Kingdom of Saudi Arabia. This presentation provides a concise overview of the process to help organizations navigate their Zakat obligations. In KSA, Zakat is calculated based on a business entity's net worth, known as the "Zakat base." According to government regulations, it is set at 2.5% of the organization's Zakat base. I welcome any valuable input or insights on this topic. #zakat#sauditax#zakatbase

Al Rajhi Takaful's net profit for 2023 saw an extraordinary surge of over 350%. The net profit after zakat, attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of Saudi Arabia's largest insurers, skyrocketed by 353.18% year-on-year (YoY) to SAR328.06 million ($87.5 million) in 2023 from SAR72.39 million. According to the company's annual financial results filed with the Saudi stock exchange, insurance revenues also experienced a notable increase of 44.37%, reaching SAR4.23 billion last year from SAR2.93 billion in 2022. Al Rajhi Takaful attributes this growth to expansion across all lines of business. #AlRajhiTakaful #InsuranceIndustry #FinancialGrowth #SaudiArabia #FinancialResults #InsuranceRevenue #reinsurance #insurtech #saudiinsurance

IFN KSA Dialogues - Shariah Compliant Investment in Saudi Arabia It is with great pleasure, honour, and privilege that I look forward to moderating this exceptional panel at the IFN KSA Dialogues. This distinguished group of panelists brings a wealth of knowledge and diverse perspectives, making for a truly enriching discussion. Abdul-Rahman Hammad: With extensive expertise in financial data solutions, his insights into how technological advancements are shaping Shariah-compliant investments will undoubtedly be enlightening. IdealRatings’ commitment to driving ethical finance sets the stage for exploring innovative investment strategies. Dr. Fadlul Imansyah: As the leader of Indonesia’s Hajj Fund Management Agency, his experience in managing significant funds with a Shariah-compliant framework offers invaluable lessons in navigating complex financial ecosystems. Geoff Holmes: A visionary strategist with deep experience across financial services and fintech, Geoff’s understanding of innovation and transformation in investment management will provide critical perspectives on adapting to changing market dynamics. Dr. John Sandwick DBA: A pioneer in Islamic finance, his groundbreaking work in global Shariah-compliant portfolios and Sukuk structures promises to shed light on innovative approaches to integrating Islamic finance into mainstream investment. Mohamed Afzal ♞: Recognised for his thought leadership in risk management within Islamic finance, his ability to bridge practical risk frameworks with Shariah principles will be key to addressing market challenges. Dr. Mohammed Ishaq Ali, Ph.D. Ali: A stalwart in asset management and advisory, his vast experience in capital markets and his academic contributions will enhance discussions around investment strategies and market growth. Rami Alsaihati: With a stellar record in structured finance and PPPs, his expertise will illuminate how privatization and partnerships are shaping investment opportunities in Saudi Arabia. This panel reflects some of the finest minds in the field, and I am excited about the profound insights and actionable takeaways we will explore together. I look forward to engaging with this exceptional group. Please do come along and hear it for yourselves - registrations can be made at: https://lnkd.in/ggUHnTXe #IFNKSADialogues2024 #Finance #IslamicFinance #SaudiArabia #Vision2030