Ureed Group half-year profits fall 5.1%
The net profits of the "Areed" Group (a publicly listed Qatari company) declined by 5.1% during the first half of 2026, reaching 1.84 billion Qatari riyals, compared to 1.94 billion riyals in the same period of 2025. This decrease is mainly due to a non-recurring legal provision of 208 million riyals in Algeria. Despite the drop in profits, revenues increased by 4.6% to 12.5 billion riyals, driven by strong contributions from Algeria, Tunisia, Iraq, and Palestine, along with a resilient performance in service revenues. Additionally, earnings per share fell to 0.58 riyals from 0.61 riyals in the same period last year.
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