Riyal's profits fall 85.5% in H1 2026
Real Investment and Development Company's profits recorded a sharp decline of 85.5% in the first half of 2026, totaling approximately 794 thousand riyals compared to 5.5 million riyals in the same period of the previous year. The decrease was driven by rising costs of spare parts, oils, and shipping, in addition to an increase in depreciation expenses on the vehicle fleet, despite a 2.08% rise in sales to reach 75.33 million riyals, amid a 27% growth in used car sales.
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