Al Riyadh Cables Q2 profits rise 9.9%
The preliminary financial results of Riyadh Cables Group showed a 9.86% increase in net profits in the second quarter of 2026, reaching 306.82 million Riyals. This growth was supported by an increase in revenue, which amounted to 2.93 billion Riyals, a 7.92% rise compared to the previous year. The company also recorded a growth of approximately 9.96% in profits for the first half of 2026, driven by higher sales volumes and their impact on profits and revenues. Additionally, total shareholders’ equity rose by 19.09% to reach 3.47 billion Riyals.
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