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وكالة الأنباء القطرية
Areeed Group Half-Year Net Profits Drop 5.1%
U Riyadh Qatar Group's net profits declined by 5.1% during the first half of this year, amounting to 1.84 billion riyals compared to 1.94 billion riyals in the same period of 2025. This decline is mainly due to a non-recurring legal provision of 208 million riyals in Algeria. Nevertheless, revenues increased by 4.6% to reach 12.5 billion riyals, driven by strong contributions from Algeria, Tunisia, Iraq, and Palestine, as well as a resilient performance in service revenues. Earnings per share decreased to 0.58 riyals from 0.61 riyals due to the drop in profits.
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