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Zain Saudi Arabia Q2 profit rises
Saudi Telecom Company (STC) achieved a 60.63% year-over-year increase in net profits for the second quarter of 2026, reaching 204 million riyals compared to 127 million riyals in the same period last year. This rise is primarily due to the increase in consolidated net profit after minority interests by 75 million riyals, totaling 202 million riyals—a growth of 59%. Additionally, profits for the half-year period increased by 84.09% to reach 405 million riyals. Total gross profit also rose by 1.8% to 1,654 million riyals, driven by an improvement in 5G service revenues. However, revenues experienced a slight decline of 0.11%, amounting to 2.651 billion riyals in the second quarter.
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