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Kiayan's Q3 2026 Losses Drop to 94.2M Riyals
The financial results of Saudi Kayan Petrochemical Company highlighted a 72% year-over-year reduction in its net loss for the third quarter of 2026, amounting to 94.2 million SAR compared to a loss of 336.25 million SAR in the same period of the previous year. Revenues increased to 2.187 billion SAR, up by 1.63% compared to the same quarter last year, despite a decrease in sales volumes due to supply chain challenges. Additionally, the company recorded a net profit of 1.38 billion SAR for the first nine months, representing a 14.10% decline from the previous year, as part of efforts to improve performance through increased selling prices and reduced operational costs. The total accumulated losses stand at approximately 7.28 billion SAR, accounting for 48.54% of the capital.
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