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Saudi Summit profits fall 33% in H1 2026
Qima Saudi Trading Company’s results showed that its profits decreased by 33.18% in the first half of 2026 compared to the same period of the previous year, due to external challenges caused by geopolitical conditions that affected the company's sales and shipping costs. The company recorded a decline in revenues of 12.76%, with sales amounting to 81.83 million SAR, compared to 93.81 million SAR in 2025. This was attributed to a lower selling price and reduced sales volume, in addition to a 52% increase in maritime shipping costs resulting from logistical disruptions in the region.
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