Al Sharqiya Investment Sees 47% First Half Decline
The profits of Al Sharqiya Investment and Finance Company (SIHC) decreased by 47.02% in the first half of 2026, amounting to 251.49 thousand riyals, compared to 474.67 thousand riyals in the same period of 2025. This decline is attributed to a 28.89% drop in total revenues, which fell to 656.19 thousand riyals from 922.75 thousand riyals in the first half of the previous year. Despite this current downturn, the company achieved a profit growth of 62.66% during the fiscal year 2025, reaching 1.017 million riyals, up from 625.738 thousand riyals in 2024.
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