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Mobee's H1 profit rises 71percent
Mobee for Industry achieved remarkable growth in its profits during the first half of 2026, with net earnings increasing by 70.9% to reach 24.23 million riyals, driven by rising demand in the agricultural nutrients sector and expansion of marketing campaigns. Total sales also grew by 19.12% to 141.56 million riyals, with agricultural nutrients division sales increasing by 72%. In the second quarter, the company recorded a net profit of 10.85 million riyals, representing a 168.7% increase compared to the same quarter of the previous year, along with a significant improvement in operating profitability, which reflected in a 9.02% rise in equity to 88.67 million riyals.
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