6 Hrs
Source:
مباشر
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Banan profit edges lower
Banan Real Estate’s third-quarter 2026 profit fell 0.86% year on year to SAR 8.711 million, compared with SAR 8.78 million, and declined 1.39% from the previous quarter. The company attributed the decrease to lower rental income following the sale of a building in the Al-Wadi district and a 14% rise in cost of revenue to SAR 3.54 million. The impact was partly offset by a 39% drop in financing costs to SAR 1.44 million. For the first nine months of the year, net profit rose 11.15% to around SAR 30 million.
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