Solutions profits rise to 453M riyals in Q2 2026
The results of Solutions for Internet and Communications Services Company (Solutions) in the second quarter of 2026 led to an increase in its net profits to 453 million riyals, representing a 1.57% rise compared to the same period last year, despite higher operating expenses and a decline in other gains. The increase is attributed to an 11.65% growth in revenues, reaching 3.24 billion riyals, supported by the growth in core telecommunications and information technology services, which grew by 28.6%. Additionally, the company recorded a 2.11% growth in profits for the first half of the year, with revenues rising to 6.24 billion riyals, and shareholders' equity increasing by 15.37% to 4.15 billion riyals. The earnings per share also rose to 6.92 riyals.
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