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Fitaihi Q3 losses rise
Fitaihi Holding Group’s losses rose 53.61% year on year in the third quarter of 2026 to SAR 2.87 million, compared with SAR 1.87 million, and the company swung from a profit of SAR 7.38 million in the previous quarter to a loss. The company attributed the year-on-year increase in losses to an 18.7% decline in sales to around SAR 10 million and the recording of SAR 300,000 in other expenses, compared with SAR 2 million in other income. The losses were partly offset by an improvement in the company’s share of an associate’s results and a reduction in some expenses. In the first nine months of 2026, profits fell 96.41% to SAR 157,400, while revenue declined 2.99% to SAR 43.16 million.
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