_1777294237270_124456903.png&w=64&q=75){kind=small}
Al-Kuthairy Q2 Losses Hit 22.8M Riyals
AlKathiri Holding Company recorded significant financial losses in the second quarter of 2026, with a net loss of 22.78 million SAR, compared to 6.05 million SAR in the same quarter of the previous year, representing an increase of 276.61%. The rise is attributed to a 67.05% decline in revenues, while costs did not decrease at the same rate, leading to a shift from gross profit to a loss. Additionally, the results were impacted by higher expenses, provisions, and Zakat payments, with accumulated losses amounting to 103.37 million SAR, representing 91.46% of capital, and a 154.42% increase in losses for the first half of the year, reaching approximately 33.3 million SAR.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)