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معلومات مباشر
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2026-11-05T14:23:01.346Z

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Naseej Cuts Q3 Losses 71%

Naseej Cuts Q3 Losses 71%

Naseej International Trading Company reduced its net losses in the third quarter of 2026 by 71.16% year on year to SAR 4.71 million, despite an 83.3% decline in revenue to SAR 2.95 million. The company attributed the lower losses to reduced operating expenses, more efficient cost management, and higher other income. In the first nine months of the year, losses rose 247.45% to SAR 30.11 million, while revenue fell 81.98% to SAR 11.41 million. Accumulated losses stood at SAR 134.81 million, equivalent to 49.48% of capital after the company increased its capital by SAR 163.459 million through a rights issue.

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