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VAD's H1 2026 profits fall 4.43 percent
Fad International Company has announced its financial results for the first half of 2026, reporting a net profit of 12.25 million SAR, reflecting a decline of 4.43% compared to the same period last year. Sales decreased by 7.14% to 90.83 million SAR, due to the impact of geopolitical tensions on export and supply channels, particularly in the markets of Bahrain and Qatar. Despite this, the company managed to maintain profit margins by improving cost management; however, the Zakat, which shifted from a receivable balance to an actual Zakat expense, led to increased non-operating financial burdens, affecting net profit. Additionally, the financial position showed a slight decrease in equity by 2.11%, and earnings per share dropped to 10.2 SAR.
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