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Al-Misr Al-Shamel Q2 profit reaches 64.7M
The article explains that Al-Masar Al-Shamil for Education recorded an increase in profits of approximately 29% in the second quarter of 2026, reaching 64.7 million riyals compared to 50.17 million riyals in the same period last year. The growth is attributed to a 21.62% rise in revenues, supported by an increase in student numbers across all business sectors, and the company's higher profits resulting from its successful strategy in the education and empowerment sectors. Additionally, there was an increase in its share of Nakama Holding Company’s results. The financial results for the first half of the year also showed a 31.18% rise in net profit to 118.61 million riyals, with revenues increasing by 21.83% to 351.01 million riyals, along with developments in shareholders’ equity and earnings per share. Although revenues temporarily declined by 12.95% quarter-over-quarter, profits continued to grow.
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