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Ra'um Cuts Losses by 82.5% in Q2
Riyoum Commercial Company's net losses decreased by 82.49% in the second quarter of 2026, totaling 475.54 thousand riyals compared to 2.71 million riyals in the same period of the previous year, due to an increase in gross profit and a reduction in losses from revaluing financial assets. Despite improved quarterly performance, the company recorded net losses of 6.32 million riyals in the first half of 2026, with revenues declining by 6.1% to 48.4 million riyals. The company experienced a 4.44% year-on-year increase in second-quarter revenues, while costs rose due to expansion efforts, offset by a decline in received dividends.
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