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2026-11-10T05:55:54.213Z

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Seera Q3 profits drop 62%

Seera Q3 profits drop 62%

Seera Group Holding’s net profit fell 61.76% year on year in the third quarter of 2026 to SAR 13 million, compared with SAR 34 million, while revenue declined 19.4% to SAR 1.13 billion. The group attributed the drop in profit to Portman Travel’s performance returning to normal levels after an exceptional showing a year earlier, and to weaker results at Lumi. Growth at Almosafer partly offset the decline. In the first nine months of the year, net profit rose 82.43% to SAR 135 million, while revenue fell 6.52% to SAR 3.47 billion.

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