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Utilities sector profits fall 12
The utilities sector's profits in the Saudi market declined by 12% year-on-year in the second quarter of 2026, reaching 5.28 billion riyals. This decrease was driven by lower profits among several companies such as Saudi Energy and Acwa Power, while others like Alkhair and Gas Holding experienced increases in their earnings. During the first half of the year, the sector's profits grew by 0.51% to 7.73 billion riyals, with second-quarter revenues rising by 11.29% to 36.1 billion riyals, led by Saudi Energy, which accounted for 85% of the revenue. As a result, the sector was affected by the decline in profits of some companies despite an overall increase in total revenues in the first half of 2026.
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