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Al-Mutaqdimah reports 98 million riyals loss in second quarter of 2026
Al Muntaqa Petrochemicals Company announced a loss of 98 million Riyals in the second quarter of 2026, compared to a profit of 82 million Riyals in the same period last year. The increase in prices of propane and propylene by 40% and 21%, respectively, along with higher depreciation expenses, fixed costs, and financing costs, led to a decline in performance despite an 18% rise in revenues to 827 million Riyals. Additionally, the company recorded losses of 69 million Riyals in the first half of the year, down from a profit of 153 million Riyals in the same period of the previous year.
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