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Arabian Contracting Services Co. widened its losses in the third quarter of 2026 to SAR 242 million, up 193.3% year on year and 12.8% quarter on quarter. Revenue fell 16.22% to SAR 347 million, compared with SAR 414 million in the same period of 2025, due to lower advertising spending, cancelled campaigns and clients’ reduced budgets. The company also attributed its losses to higher contract, rental and depreciation costs resulting from the advertising network’s incomplete rollout. For the first nine months of the year, it posted a loss of SAR 447.5 million, compared with a profit of SAR 47.22 million a year earlier.
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