Yaqeen's profits drop 66% in early 2026
Yaqeen Financial Company experienced a significant decline in its profits during the first half of 2026. Net profits decreased by 65.9% year-on-year, amounting to 4.38 million riyals compared to 12.82 million riyals in the same period of the previous year. This decline was mainly due to a 22% decrease in revenues, negatively impacted by the performance of financial markets, although some activities such as management fees, subscriptions, and investment profits showed clear growth. Earnings per share also fell to 0.17 riyals from 0.50 riyals in the first half of 2025. The company indicated that challenges in the financial markets led to declines in income from brokerage and consulting services, as well as commissions related to financing operations, while equity remained stable at approximately 289 million riyals.
Notice: This Is an AI-Generated Summary
Comments (0)