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Ratal's H1 Profit Drops 85.5 Percent
Real Investment and Development Company’s profits declined by 85.5% in the first half of 2026, with net earnings reaching approximately 794,000 SAR compared to 5.5 million SAR in the same period of the previous year. This decrease is attributed to rising spare parts, oils, and shipping costs due to current conditions, as well as increased depreciation expenses on the vehicle fleet. Despite this, the company’s sales increased by 2.08%, amounting to 75.33 million SAR, driven by a 27% growth in used car sales, while rental revenues decreased by 6.8%.
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