Bawan Co 2023 AR2
The report highlights Bawan Company's operational and financial performance for the fiscal year 2023, emphasizing its strategic alignment with Saudi Vision 2030. Despite global economic challenges, the company achieved a revenue of SAR 3.35 billion and a net profit of SAR 136 million, driven by strong growth in its electrical industries sector. Bawan advanced its sustainability agenda by integrating ESG goals into its decision-making, conducting a materiality assessment, and focusing on energy efficiency, waste management, and Saudization, with Saudi nationals representing 28.3% of its workforce. Additionally, the company successfully completed the sale of its concrete sector to optimize its business portfolio and focus on core industrial segments.
Company: Bawan Co
Sector: Manufacturing
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 93
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Bawan Co
Annual Report
The report highlights Bawan Company's operational and financial performance for the fiscal year 2023, emphasizing its strategic alignment with Saudi Vision 2030. Despite global economic challenges, the company achieved a revenue of SAR 3.35 billion and a net profit of SAR 136 million, driven by strong growth in its electrical industries sector. Bawan advanced its sustainability agenda by integrating ESG goals into its decision-making, conducting a materiality assessment, and focusing on energy efficiency, waste management, and Saudization, with Saudi nationals representing 28.3% of its workforce. Additionally, the company successfully completed the sale of its concrete sector to optimize its business portfolio and focus on core industrial segments.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees