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Lidan reports 34.1M riyal loss Q2 2026
Laden Investment Company announced a shift to loss during the second quarter of 2026, recording a loss of 34.15 million Riyals compared to a profit of 26.89 million Riyals in the same period of the previous year. The reason for this change is a 52.17% decrease in revenues, which fell to 150.2 million Riyals, due to the completion and delivery of pre-sale projects in the real estate development sector. Revenues from contracting and manufacturing sectors also declined due to the suspension of some projects. The company also recorded losses for the first half of the year, totaling 73.91 million Riyals, compared to a profit in the previous period, with revenues decreasing by 50.97%. The company's results continued to be under pressure due to rising financing costs and general expenses, while shareholders’ equity declined by 22.91%.
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