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Al-Shuhaili Minerals' H1 Profit Drops 56.68%
Al Shehly Metal Industries' profits declined by 56.68% in the first half of 2026, reaching 2.32 million SAR compared to 5.37 million SAR in the previous year. Revenues decreased by 37.26% to 21.1 million SAR, impacted by a drop in sales, supply chain challenges, rising shipping costs, and slowed demand in some of the company's key markets. The company attributed the performance decline to logistical and economic factors, including increased transportation costs and changes in global trade movements, which led to postponed orders and a downturn in financial results.
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