6 Hrs
Source:
مباشر
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Shams Losses Hit SAR 3.6m
Tourism Projects Company “Shams” recorded a net loss of SAR 3.6 million in the third quarter of 2026, up 889.97% from SAR 363,000 in the same period a year earlier. The company attributed the increase in losses to a decline in the fair value of financial assets and lower returns on murabaha deposits. Sales, meanwhile, rose 75.83% to SAR 2.77 million, supported by intensified sales efforts and the opening of new marketing channels. In the first nine months of the year, losses increased 197.7% to SAR 10.13 million, despite revenue growth of 5.65%.
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