10 Hrs
Source:
الاقتصادية
Western Coast Boosts Yansab Profit
Yansab, the National Petrochemical Company of Yanbu, achieved a 482% increase in its net profits in the second quarter of 2026, with earnings reaching 259 million SAR compared to 44.5 million SAR in the same period of the previous year. This growth was attributed to its strategic location in Yanbu, which helped mitigate the impacts of geopolitical conflicts in the Red Sea region. Meanwhile, losses continued for S‐akim and Kayan due to supply chain challenges and rising production costs, with S‐akim losing 592 million SAR and Kayan incurring a loss of 673 million SAR. These figures reflect the cumulative effects of inventory buildup and increased raw material prices on their financial results.
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