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Al-Shoua Al-Madi profits rise 703% in six months
Shamoa Almadi Company achieved net profits of 3.46 million Saudi Riyals in the first half of 2026, reflecting a 702.82% increase compared to the same period last year, when profits were 431.13 thousand Riyals. This rise was driven by revenue growth reaching 63.73 million Riyals, an 8.5% increase, along with an improvement in gross profit, as well as increased financing income from short-term Murabaha transactions and a reduction in general and administrative expenses.
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