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2026-11-11T05:54:10.930Z

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Ban Posts Q3 Profit

Ban Posts Q3 Profit

Ban Holding Group returned to profitability in the third quarter of 2026, posting net profit of SAR 7.55 million, compared with a loss of SAR 25.54 million in the same period of 2025. Profit rose 78.49% from the previous quarter. The company attributed the turnaround primarily to insurance compensation of about SAR 21 million and gains of SAR 8.32 million from terminating finance lease contracts, despite a 10.07% decline in revenue to SAR 137.29 million due to lower hotel and entertainment revenues. For the first nine months of 2026, net profit reached SAR 60.87 million, compared with a loss of SAR 40.48 million, supported by capital gains of SAR 69.53 million and insurance compensation.

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