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Saudi Darb Q2 net profit up 39.6%
Darb Saudi Investment Company announced its financial results for the period ending June 30, 2026, showing a 39.61% increase in net profit to 2.19 million Saudi Riyals for the second quarter. This growth occurred despite a 12.88% decline in revenues, which fell to 4.01 million Riyals due to decreased occupancy rates. The company achieved an operating profit margin of 40.05% during the quarter, supported by a lower credit loss provision and a 54% reduction in professional fees expenses. On a semi-annual basis, net profit increased by 9.16% to 3.16 million Riyals, with an improved financial position and earnings per share rising to 0.0145 Riyals, despite challenges from a decrease in asset values expected due to obsolescence, according to the auditor’s report.
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