Enmar's H1 Profits Hit 69.6M Riyals
Enmar Housing Development and Investment Company announced a 7.2% increase in its net profits for the first half of 2026, reaching 69.6 million riyals compared to 64.92 million riyals in the same period of 2025. Additionally, its revenues grew by 8.96% to 118.97 million riyals, supported by the growth of its real estate portfolio revenues and development projects. The rise in profits led to an increase in gross profit from 74.2 million riyals to 82.4 million riyals, while financing costs declined from 5.2 million riyals to 4.1 million riyals. Equity also increased by 10.53% to 728.38 million riyals, earnings per share rose to 1.74 riyals, and the company announced the repurchase of 120,990 shares as treasury shares under the employee stock program.
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