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2026-11-01T13:36:08.494Z

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Al Saif profit down 82.6%

Al Saif profit down 82.6%

Al Saif Gallery’s third-quarter 2026 profit fell 82.65% to SAR 2.24 million, compared with SAR 12.94 million in the same period a year earlier. Sales declined 7.36% to SAR 192.56 million amid shortages of some products, delayed shipments, supply-chain disruptions and slower consumer spending. Higher shipping costs also weighed on profit margins. In the first nine months of the year, sales rose 5.91% to SAR 604.33 million, while net profit fell 14.86% to SAR 42.19 million.

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