According to Mr. Riyad Salem Al-Idrissi, the Chairman and CEO of Ikarus Petroleum Industries, the company has recorded notable financial achievements. For the nine months ending on September 30, 2023, Ikarus reported a net profit of KD 7.1 million, resulting in earnings per share of 14.2 fils. This represents a growth of 25% compared to the same period in 2022 when the net profit was KD 5.7 million and earnings per share stood at 10.5 fils. 

As of September 30, 2023, the company's shareholders' equity reached KD 118 million, and the book value per share amounted to 236 fils. 

During the first nine months of 2023, Ikarus' subsidiary, Medcom, operating in Saudi Arabia, achieved a net profit of SAR 3.5 million. To further enhance Medcom's revenue streams, the company is currently initiating the establishment of a chemicals trading division. This strategic move aims to enable Medcom's participation in the trading of carefully selected chemicals within both the local and