FAD profits drop 4.43% in H1 2026
Fad International Company announced its financial results for the first half of 2026, recording a net profit of 12.25 million SAR, representing a decrease of 4.43% compared to the same period last year. Geopolitical conditions caused a 7.14% decline in sales, reaching 90.83 million SAR, affecting export channels and regional markets, particularly Bahrain and Qatar. Despite the revenue decline, the company maintained healthy profit margins thanks to cost optimization; however, the reclassification of Zakat as an expense increased financial burdens, leading to a reduction in earnings per share to 10.2 SAR from 10.68 SAR. Total shareholders' equity decreased by 2.11% to 27.09 million SAR by the end of June 2026.
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