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Financial sector earns 640M riyals in Q2
The results of the financial services sector in the Saudi stock market "Tadawul" show an increase in profits during the second quarter of 2026, rising by approximately 6.46% year-over-year. Total profits amounted to 640.04 million SAR, compared to 601.20 million SAR in the same period of the previous year. Although "Almawlaka" Holding's profits declined by 17.74% to reach 333.23 million SAR, the company still accounts for roughly 52% of the sector's profits. Analyses indicate that the rise in profits of certain companies, such as "Naifat," "Amlak," and "Sahl," contributed to the overall growth in sector revenues. Meanwhile, other firms like "Tasheel" and "Tadawul Group" experienced declines in their profits due to rising operational costs and market fluctuations. For the first half of 2026, the sector's profits decreased by 13.63%, impacted by a decline in the profits of major companies, although some companies like "Naifat" and "Mutaqaddim" continued to achieve strong growth, turning their losses into record profits during the same quarter.
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