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Qassim Holding Company for Investment (“JACO”) reported a 52.44% year-on-year decline in third-quarter 2026 net profit to SAR 1.16 million, compared with SAR 2.45 million, despite a 177.55% increase from the previous quarter. Revenue fell 20.71% to SAR 1.86 million. The company attributed the annual decline to recording a zakat expense, rather than a reversal of zakat expense in the comparative period, as well as lower revenue and other income. For the first nine months of the year, the company returned to net profit of SAR 1.90 million, compared with a loss of SAR 878,420 in the same period of 2025. This was supported by the non-recurrence of losses on asset disposals and previous credit-loss provisions, along with lower expenses.
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