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2026-11-11T06:16:14.120Z

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Al Masar loss hits SAR25.3m

Al Masar loss hits SAR25.3m

Al Masar Al Shamel Education Company recorded a net loss of SAR 25.31 million in the third quarter of 2026, up 29.45% year on year from a loss of SAR 19.56 million. It also swung from a profit of SAR 64.7 million in the second quarter to a loss. The company attributed the results to the seasonal nature of tuition-fee revenue during the summer vacation, as well as SAR 4.5 million in expenses related to potential acquisitions. Quarterly revenue rose 14% to SAR 54.5 million, while net profit for the first nine months increased 31.65% to SAR 93.288 million.

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