17 Hrs
Source:
الاقتصادية
Saal profits rise 18% in Q2
Saudi Logistics Services Company (SAL) achieved an 18% increase in its profits during the second quarter of 2026, with net profit reaching 191.4 million Riyals compared to 162.2 million Riyals in the same period last year. This growth was driven by improved performance and revenue expansion in the ground cargo handling and logistics services sectors. Operating profit rose to 213.1 million Riyals, a increase of 23.6%, while gross profit climbed to 299.3 million Riyals, representing a 33.6% growth. Additionally, the company announced the collection of one billion Riyals through the issuance of sukuk (Islamic bonds) with a variable return paid semiannually. The Board of Directors approved the distribution of interim cash dividends amounting to 143.2 million Riyals, or 1.79 Riyals per share, with payments scheduled to begin on August 20, 2026.
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