1 Day
Source:
الاقتصادية
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"Extra" Pays 160M Riyals in Dividends
Saudi company Extra announced a cash dividend distribution of 160 million SAR for the first half of 2026, at a rate of 2 SAR per share, with shareholders registered as of August 10 eligible to receive it. The company recorded a net profit of 102.47 million SAR in the second quarter, down 3.8% year-over-year, despite the sector achieving a 7.3% growth in profits during the same quarter. For the entire first half, net profit increased by 2.4% to reach 197 million SAR, supported by growth in revenues and gross profits, despite geopolitical challenges affecting consumer demand. Extra relies on trading electronic, home appliances, and telecommunications devices, and has achieved profit growth amid the impacts of the global market.
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