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Real estate profits on TASI dip to 1.45B
The real estate sector in the Saudi stock market experienced a slight decline in its profits during the second quarter of 2026, decreasing by 0.49% on an annual basis. The sector recorded total profits of 1.455 billion riyals, compared to 1.462 billion riyals in the same period of 2025. The most notable company to register a decline was "Senyomi Centers," with an 18.4% drop in profits. Meanwhile, "Makkah" and "Jabal Omar" saw their profits increase by 19.7% and 214.2%, respectively. On a monthly basis, the sector's profits rose by 2.36% compared to the previous quarter. During the first half of 2026, the sector's profits declined by 18.07%, amounting to 2.875 billion riyals, with some companies experiencing significant gains, such as "Al-Aqariah," which increased its profits by 152.2%. There were three companies in the sector that recorded losses in the half-year, most notably "Emaar," with a loss of 203 million riyals.
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