Al-Majd Square profits rise 42.8% in H1 2026

Sahet Al-Majd Trading Company achieved a net profit of 42.8% year-over-year during the first half of 2026, reaching 11.87 million Riyals compared to 8.31 million Riyals in the same period of 2025. The increase was driven by a 15.14% growth in revenues, which amounted to 114.86 million Riyals, along with an improvement in gross profit due to a decrease in the cost of goods sold and enhanced production performance. Additionally, profits were supported by returns from financial assets and the implementation of cost-control policies.

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