Sal's Q2 profits rise 18 percent
Sal Saudi Logistics Services Company’s profits increased by 18% in the second quarter of 2026, reaching 191.4 million Riyals compared to 162.2 million Riyals in the same period last year. This growth was driven by improved performance and revenue growth in both ground handling and logistics services sectors. Additionally, the company recorded a 22.2% rise in net profit compared to the first quarter of 2026, with operating profit climbing to 213.1 million Riyals and gross profit increasing to 299.3 million Riyals. Furthermore, the company raised one billion Riyals through a variable-yield Sukuk issuance and decided to distribute dividends of 143.2 million Riyals to shareholders, equivalent to 1.79 Riyals per share, payable starting August 20, 2026.
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