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Yaqeen's H1 profits drop 66 percent
Yaqeen Financial Company announced a 65.9% decline in its net profits for the first half of 2026, with net profit amounting to 4.38 million SAR compared to 12.82 million SAR in the same period of the previous year. The decrease was driven by a 22% reduction in revenues, which fell to approximately 36.97 million SAR, along with a 51% drop in net operating income, despite a 50% increase in management and subscription fees. Profits from certain activities, such as investment gains and cash dividends, saw increases, while revenues from activities related to exchanges and investment banking services declined. Earnings per share decreased to 0.17 SAR. Shareholders’ equity, excluding non-controlling interests, stood at approximately 288.95 million SAR, down from 291.68 million SAR a year earlier.
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