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Sinaiat profits reach 44.37M riyals in Q2 2026
Advanced Building Industries Company (Industries) achieved a significant increase in its profits during the second quarter of 2026, with a net profit of 44.37 million SAR, reflecting a 463.23% rise compared to the same period in 2025, which recorded 7.88 million SAR. This growth was driven by increases in gross profit and operating income in the steel and insulation sectors, as well as a higher company's share of results from affiliated companies and joint ventures. For the first half of 2026, the company's profits grew by 45.6% to reach 54.18 million SAR, despite a 7.1% decline in total sales to 2.76 billion SAR, due to a decrease in revenues from the construction sector, which was partly offset by growth in the air conditioning, steel, and insulation sectors.
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