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Galfar Engineering Profit Surge in H1 2026
Gulfar Engineering and Contracting achieved a significant leap in its profits during the first half of 2026, with profits increasing more than tenfold to reach 2.07 million riyals (5.36 million USD) compared to 205 thousand riyals (531.51 thousand USD) in the same period last year. This was driven by an 11.01% increase in total revenues, reaching 137.51 million riyals (356.52 million USD), along with a remarkable 34,366.2% surge in net profits, which rose to 2.51 million riyals (6.51 million USD). The company also turned profitable in 2025 after previous losses, thanks to reduced expenses and increased revenues, reflecting a substantial financial recovery.
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