Found Life doubles profits in H1 2026
Wad Al-Hayat Trading Company achieved significant growth in its profits and net earnings during the first half of 2026. Net profits increased by 95.25%, reaching 3.95 million riyals compared to 2.026 million riyals in the same period of the previous year. The company's revenues grew by 17.34% to 45.63 million riyals, supported by a 24.5% increase in the Operations and Maintenance sector, as well as business expansion and an increasing number of projects. Despite rising costs, the company was able to reduce administrative expenses by 20%, which reflected positively in the increase of shareholders’ equity to 26.6 million riyals and earnings per share to 0.32 riyals, with the financial statements confirmed as sound by auditors.
Notice: This Is an AI-Generated Summary
Comments (0)