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Al Atta reports 97.34m riyals profit for FY2026
Al Wataniya Education Company announced a rise in its net profits for the fiscal year ending July 31, 2026, reaching 97.34 million Riyals, representing a 17.56% increase compared to the previous year. This growth was driven by a 3.2% increase in revenues, mainly from higher tuition fees. The company also recorded an 8.54% increase in gross profit and an 8.28% rise in operating profit, despite the absence of support from the Ministry of Education and a 39% decline in non-recurring revenues. Additionally, the company saw growth in total comprehensive income and earnings per share, with shareholders' equity remaining roughly at the same level as the previous year.
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