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Supply issues hit Anabeeb profits in Q2 2026
The Arab Pipes Company’s profits reached 8.99 million SAR in the second quarter of 2026, representing a decrease of 73.89% compared to the same period last year. This decline was caused by geopolitical events and rising shipping costs due to supply chain disruptions, which negatively impacted the company's sales and profits. Additionally, profits for the first half of the year declined by 60.98%, amounting to 29.11 million SAR, while revenues fell by 29.59% to 354.41 million SAR. Both gross profit and operating profit deteriorated significantly as a result of increased costs and changes in the sales mix.
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