Development Works Food Co. announces its Annual Financial results for the period ending on 2023-12-31

Development Works Food Co. announces its Annual Financial results for the period ending on 2023-12-31

| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)

|| Reserved opinion

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We have audited the consolidated financial statements of the Food Development Business Company - a Saudi joint stock company - (“the Company”) and its subsidiaries, collectively referred to as the “Group”, which include the consolidated statement of financial position as of December 31, 2023, and the consolidated statement of profit or loss and other comprehensive income. The consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and the notes attached to the consolidated financial statements, including material information about accounting policies.

In our opinion, except for the potential effects of the matters described in the “Basis for Qualified Opinion” section of our report, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2023, its consolidated financial performance and its consolidated cash flows for the year ended On that date by the International Financial Reporting Standards approved in the Kingdom of Saudi Arabia and other standards and publications complementary to the international standards approved