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Yaqeen's Q2 losses reach 672.7M SAR
Kayan Saudi Petrochemicals Company recorded net losses of 672.76 million Riyals in the second quarter of 2026, representing a 35.54% increase year-over-year and a 9.5% rise compared to the previous quarter, due to higher production input costs and lower sales volumes. The company's revenues also declined by 9.97% to two billion Riyals, amid supply chain challenges despite rising selling prices. In the first half of the year, the company's losses increased by 1.2% to reach 1.28 billion Riyals, with higher production costs and logistics expenses cited as the reasons, despite a decrease in administrative expenses. The accumulated losses amounted to approximately 7.18 billion Riyals, constituting 48% of the company's capital.
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