Muska's H1 profit drops to 10.6M Riyals

Misqa Investment Company announced a 52.74% decline in its net profits during the first half of 2026, recording 10.6 million SAR compared to 22.43 million SAR in the same period of the previous year, due to changing profit margins across its sectors. The company experienced a slight decrease in revenues by 4.09%, reaching 55.31 million SAR, with residential unit sales declining due to reduced availability. Meanwhile, revenues from contracting and development contracts increased, now constituting 74% of total revenues compared to zero percent in the previous year. This impacted earnings per share, which fell to 0.11 SAR. Shareholders’ equity grew by 19.03% to 145.73 million SAR by the end of June 2026. The company confirmed the validity of its financial statements without reservations from its auditors.

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