Medical Society faces losses in early 2026
Al community Medical Company announced a shift to a loss in the first half of 2026, with a net loss of 4.92 million riyals compared to a profit of 4.26 million riyals in the same period of the previous year. The company's sales declined by 21.57% to 184.33 million riyals, due to changes in the policies of major clients and increased competition, especially from low-price stores. This led to a decrease in gross profit by 7.4 million riyals, along with an increase in operational and financing expenses resulting from expansion efforts and the closure of unprofitable branches. Additionally, shareholders' equity decreased, and earnings per share turned into a loss of 0.52 riyals.
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