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Al-Kathiri reports 22.8M riyals loss in Q2 2026
Al-Khatari Holding Company announced its financial losses for the second quarter of 2026, recording a net loss of approximately 22.78 million SAR, representing a 276.61% increase compared to the same period last year. This was due to decreased revenues and a lack of a comparable reduction in costs, as well as increased expenses and provisions for credit losses, coupled with a decline in sales volume in the contracting and building materials sectors. Additionally, its accumulated losses amounted to 103.37 million SAR, which equals 91.46% of its capital, further deepening the losses for the first half of the year by 154.42%, reaching 33.3 million SAR.
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