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Al-Electrical Profits Reach 177.7M Riyals in Q3 2026
The Electric Industries Company announced that its profits during the third quarter of 2026 increased to 177.69 million SAR, a rise of 10.32% compared to the same period last year, driven by higher sales, product diversification, and improved profit margins. However, quarterly sales declined by 11.02% due to project delays and higher shipping and insurance costs resulting from geopolitical tensions. On a nine-month basis for 2026, net profits grew by 37.69%, reaching 579.99 million SAR, with sales and revenues increasing by 25.18%.
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