7 Hrs
Source:
مباشر
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Al Majed profit up 50.5%
Al Majed for Oud Company’s net profit rose 50.5% in the third quarter of 2026 to SAR 45.3 million, compared with SAR 30.1 million in the same period last year. The increase was driven by branch expansion, growth in online sales and improved market performance. Sales rose 26.2% to SAR 293.3 million, while operating profit increased 41.26% to SAR 49.3 million. The company also attributed sales growth to a successful National Day season and the launch of new products. In the first nine months of the year, sales reached SAR 948.6 million and net profit stood at SAR 182.2 million, up 11.4% and 3.9%, respectively.
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