Al-Shaheeli Mining profits fall 56.68% in H1 2026
Al Shaheli Metal Industries Company's profits decreased by 56.68% in the first half of 2026, recording a net profit of 2.32 million Saudi riyals compared to 5.37 million riyals in the same period of the previous year. Revenues amounted to 21.1 million riyals, down from 33.63 million riyals, a decline of 37.26%. This decline is attributed to decreased sales, supply chain challenges, rising shipping costs, a slowdown in demand in some markets, as well as the impact of economic and logistical changes on the company's performance.
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