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Saudi firm profits reach 172.6B riyals in Q2
The results of Saudi companies for the second quarter of 2026 showed an increase in their total profits by 36% year-over-year, reaching 172.65 billion riyals compared to 126.63 billion riyals in the same period last year, with a quarterly growth of 3.54%. Saudi Aramco led the sector with profits amounting to 125.25 billion riyals, representing approximately 70.33% of the total market profits. The banking sector also performed strongly, with notable profits from Al Rajhi Bank and the National Commercial Bank. On the other hand, some major companies experienced losses, such as SABIC with a loss of 830 million riyals, and Kayan Saudi Arabia with a loss of 672.76 million riyals, amid a decline in the performance of petrochemical and aviation companies due to operational and financial pressures.
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