Musaid Petrochemicals Loses 183M Riyals in H1
Mesanid Petrochemical Holding Company reported a net loss of 183 million Qatari riyals in the first half of 2026, compared to a profit of 379 million riyals in the same period of the previous year. This was due to decreased production volumes and sales resulting from regional conflicts and logistical disruptions, which led to lower revenues and profit margins across both sectors. Despite the decline in global prices, the company managed to achieve some gains by launching higher-valued products in the caustic soda sector. However, these challenges caused a downturn in profitability. The company maintained strong liquidity, with cash holdings of 3.2 billion riyals, although this balance decreased compared to the end of 2025 due to dividend payments and funding for new projects. Quarterly, the second quarter ended in losses amid declining sales and profits, with the ongoing impact of the weak market and regional conflicts continuing to influence the group’s financial performance.
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