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Daraia's Q2 profit drops to 100.75M riyals
Dariyah Financial Company announced that its profits declined by 6.03% year-on-year in the second quarter of 2026, with net earnings reaching 100.75 million Riyals compared to 107.22 million Riyals in the same period last year. Despite this, revenues increased by 2.3% to 240.6 million Riyals, driven by higher commissions and managed assets, which grew by 27%. The decrease in profits is attributed to a 15.9% rise in operating expenses. The company continues to invest in strategic initiatives to enhance growth and efficiency. Additionally, it distributed profits from its investment in D360 Bank, which has shown steady performance improvements. The bank now has over 3 million clients and total deposits of 3.6 billion Riyals. Overall, these results reflect the company's efforts to strengthen its strategy despite short-term challenges, with expectations for improved performance in the future through platform expansion and increased efficiency.
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