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مباشر
Thamar's Q2 2026 Losses Drop 47
Thimar Development Holding Company announced its financial results for the second quarter of 2026. The company recorded a 47.04% reduction in net losses compared to the previous year, amounting to 2.37 million Saudi Riyals. This improvement was supported by investment gains of 858,000 Riyals and a decrease in general expenses by approximately 1.7 million Riyals, despite an increase in Zakat expenses. For the first half of the year, losses decreased to 5.82 million Riyals, a 34.6% decline, with equity falling to 5.22 million Riyals from 15.94 million Riyals a year earlier. The company continues its financial reorganization procedures, affected by accumulated losses totaling 96.61 million Riyals.
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