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Saudi Summit profits decline 33% in H1 2026
Qima Saudi for Trading reduced its net profits by 33.18% in the first half of 2026 compared to the same period in 2025, recording a profit of 3.55 million SAR versus 5.31 million SAR in the previous year. This decline was due to external challenges related to geopolitical conditions in the region, which affected sales volume and logistics operation costs, especially with a 52% increase in shipping costs caused by logistical disruptions. Additionally, revenues decreased by 12.76%, reaching 81.83 million SAR.
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