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Banana's Q2 profit hits 8.83M riyals
Banan Real Estate Company achieved a profit of 8.83 million SAR in the second quarter of 2026, representing an increase of 8.14% compared to the same quarter of the previous year. This rise was driven by a 64% decrease in financing costs and the reversal of credit loss provisions. However, quarterly results declined by 28.82% compared to the first quarter of the year, due to the absence of exceptional profits from the sale of real estate investments. During the first half of 2026, the company recorded a 16.95% growth in net profit, with revenues increasing to 37.08 million SAR, supported by higher rental income and improved performance of the real estate portfolio.
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