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Research Firm Projects 65 Companies’ Profits to Reach 21.7 Billion Riyals in Q2 2026
Al Jazira Capital Research Company forecasted a 2.3% decline in the adjusted net profits of 65 Saudi companies during the second quarter of 2026, reaching approximately 21.7 billion riyals. This is amid higher profits in the banking and petrochemical sectors, contrasted by a decrease in metals and transportation sector profits. The report estimated that Metals' profits would decline by 24.5% due to lower sales volumes, while banking profits are expected to increase by 9.7%, and the telecommunications sector by 0.8%. Additionally, the company predicted that the petrochemical sector would turn a profit of 680 million riyals, compared to a loss of 3.6 billion riyals during the same period last year, with stable quarterly earnings overall.
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