Saudi firm posts Q2 losses in 2026
The Saudi Investment Group announced its financial results for the second quarter of 2026, recording losses driven by a decrease in its share of profits from managed companies due to rising raw material costs and a decline in sales volumes caused by supply chain disruptions. The company's net loss for shareholders amounted to 58 million SAR, compared to a profit of 20 million SAR in the same period last year. Moreover, the company shifted from an operating profit to a loss of 60 million SAR. For the first half of 2026, profits surged by 410.53% to 194 million SAR, supported by improved selling prices and reduced depreciation expenses, with operating profit rising to 192 million SAR. Despite these gains, challenges persist due to increasing costs and decreasing sales volumes.
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