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Dar Al Markaba Posts First Half Losses Decrease
Dar Al-Murākabah Car Rental Company recorded a relative improvement in its net losses during the first half of 2026, with losses amounting to approximately 4.4 million SAR compared to 5.3 million SAR in the same period of the previous year, representing a decline of 17.98%. This reduction in losses is due to the company's efforts to streamline costs and improve operational efficiency, despite a 13.13% decrease in revenues to 22.7 million SAR. Revenues from the government sector declined by 29.1%, while the private sector saw a decrease of 10.7%. On the financial front, accumulated losses reached 11.03 million SAR, constituting 44.11% of shareholders' equity, due to the accumulation of negative results from previous periods and financing costs. The company is also attempting to restructure its fleet and reduce dependence on leased vehicles to lower costs in the future.
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