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Saudi firm profits reach 172.6B riyals
The Saudi stock market experienced a rise in company profits during the second quarter of 2026, with total profits reaching 172.65 billion riyals, an increase of 36% compared to the previous year, and a 3.54% rise from the first quarter of 2026. Saudi Aramco took the lead, achieving approximately 125.25 billion riyals (70.33% of the market’s profits), followed by major banks such as Al Rajhi Bank and the National Commercial Bank, with their profits growing by 14% and 7.64%, respectively. Meanwhile, the top 20 companies recorded losses, the most notable being Saudi Basic Industries Corporation ("SABIC"), which lost 830 million riyals, despite showing significant improvement from losses of 4.07 billion riyals in the same period last year. This continued growth reflects stable cash flows and sustainable financial performance among Saudi companies.
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