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Al Thob Al Aseel Q3 profits rise 13 percent
Thobe Al-Aseel achieved a net profit of 6.77 million SAR during the third quarter of 2026, representing a 13.02% increase compared to the same period last year. This came despite a slight decline in sales by 1.86%, totaling 79.49 million SAR. The company attributed the quarter-over-quarter reduction in profits by 55.75% to seasonal factors and the impact of increased credit loss provisions. However, profits for the first nine months continued to grow by 13.13%, reaching 88.51 million SAR. Additionally, revenues rose by 10.77% to 436.25 million SAR, driven by increased demand and expansion in online and export sales.
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