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Al-Riyadh Steel profit soars 145.8% in H1 2026
Al Riyad Steel Company’s results showed a 145.8% increase in net profit during the first half of 2026, reaching 6.03 million SAR compared to 2.45 million SAR in the same period last year, due to higher selling prices and lower raw material costs. However, sales declined by 15% to 70.06 million SAR, mainly due to a decrease in the volume of goods sold. On the other hand, shareholders’ equity grew by 6.4% to reach 85.45 million SAR, and earnings per share increased to 0.09 SAR from 0.04 SAR.
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