Al Rihal Steel Profits Surge
Al Riyadh Steel Company achieved a significant increase in its net profits during the first half of 2026, rising by 145.8% to reach 6.03 million riyals compared to 2.45 million riyals in the same period last year. This growth was driven by higher selling prices and lower raw material costs. Despite a 15% decline in sales to 70.06 million riyals due to reduced sales volumes, shareholders’ equity increased to 85.45 million riyals, representing a growth of 6.4%. Additionally, earnings per share rose to 0.09 riyals from 0.04 riyals in the first half of 2025.
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