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الاقتصادية
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Red Sea Boosts Yansab Profit Fourfold
Yen Saudi Petrochemical Company "YANSAB" achieved record profits during the second quarter of 2026, with its earnings doubling by 51%, reaching their highest level in four years, supported by rising product prices and improved profit margins, which increased multiple times. Despite an 11% rise in costs, revenues more than doubled, leading to the highest gross profits in four and a half years at 534 million riyals, with net profits growing significantly despite expenses and allocations. The company also benefited from increased demand for its products, especially through exports to Asia and the Middle East via Red Sea ports, with expectations of continued demand improvement in the third quarter of 2026, despite the impact of geopolitical tensions on supply chains and shipping costs. The company's excellent results led to a 4% increase in the stock price, closing at 32.56 riyals, with a dividend yield of 6.1% over the last 12 months.
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