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Rapid Solutions' profit drops 73% in H1 2026
The results of Al-Halool Accelerated Communications and Information Technology Company for the first half of 2026 showed a significant decline in profits of approximately 73%, as net profit decreased to 8.78 million SAR compared to 32.66 million SAR during the same period last year. Revenues also declined by 32.14%, reaching 182.67 million SAR from 269.19 million SAR, due to lower sales in the services and licensing sectors and delays in the approval of major projects. Despite the decline in profits, shareholders' equity experienced a slight growth of 2.75%. The financial auditor's report confirmed the accuracy of the data, and operational challenges continue despite the stability of the capital structure.
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