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Food sector profits fall 17.3% in Q2 with Almarai holding 56%
The profits of the food production sector listed on the Saudi Stock Exchange declined by 17.27% in the second quarter of 2026, with total net earnings falling to 1.14 billion riyals compared to 1.37 billion riyals in the previous year. Almarai ranked first in profitability, recording 635.66 million riyals, despite a slight decrease of 1.73% due to rising shipping and distribution costs. Savola Group experienced a 1.11% increase in profits, reaching 116.54 million riyals, supported by improved performance across its sectors and higher revenues. Conversely, some companies saw profits decline between 16.53% and 97.21% due to increased costs or deteriorating performance. The results of other companies varied between profits and losses, with overall profits during the first half decreasing by 1.12%.
Notice: This Is an AI-Generated Summary
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