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الاقتصادية
Used car sales boost Budget profit to 93.4M Riyals
Almoajil Saudi Arabia, the largest car rental company in the Middle East and Africa, achieved a net profit of 93.4 million SAR in the second quarter of 2026, representing a 9.1% increase compared to the same period of the previous year. These results were driven by higher sales of used vehicles and improved operational performance, thanks to increased fleet utilization rates and enhanced cost efficiency. The Board of Directors also announced a cash dividend of 52.1 million SAR to shareholders for the first half of 2026, at a rate of 0.50 SAR per share, with distribution starting in September 2026. The company continues to diversify its revenue sources, with used vehicle sales contributing to supporting financial growth.
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