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Sharikat Al-Madi Candle Profits Rise 703%
Shamouh Al-Madi Company achieved significant growth in its profits during the first half of 2026, with net profits increasing by 703% to reach 3.46 million riyals, compared to 431 thousand riyals in the same period of the previous year. The company's revenues rose by 8.5% to 63.73 million riyals, driven by revenue growth and improved gross profit, along with a decrease in administrative expenses. These results reflect an improvement in the company's financial performance due to increased financing revenues and cost reductions.
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