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Saudi transit firms turn profit with 156M Riyals
Saudi transportation sector companies achieved profits of 156 million riyals in the second quarter of 2026, after recording losses during the same period last year, when the sector’s losses amounted to 341.4 million riyals in 2025. The logistics company "Sal" led the sector with a net profit of 191.4 million riyals, representing an 18% growth compared to last year, supported by improved operational performance and increased revenues. Additionally, companies such as "Saptco" and "Sisco" saw significant growth in their profits, while profits for car rental companies, especially "Dabbagh" and "Lumi," declined due to cost pressures and a slowdown in earnings from travel and air transportation activities. On a semi-annual basis, the sector recorded total net profits of 650 million riyals, an increase of 156% compared to the same period in 2025, driven by the solid results of "Sal," which achieved a profit of 348 million riyals in the first half. The sector’s revenues jumped by 13.1% in the second quarter, reaching 6.213 billion riyals, reflecting operational expansion and increased demand for shipping and transportation services within the Kingdom, in line with Saudi Arabia’s Vision 2030.
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