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Al Jouf Q3 Profit Falls
Al Jouf Agricultural Development Co.’s net profit fell 52.64% in the third quarter of 2026 to SAR 9.44 million, compared with SAR 19.93 million in the same period last year. The company attributed the decline to an approximately SAR 20 million increase in the cost of industrial products due to climatic conditions, as well as increases of SAR 8.4 million in operating expenses and around SAR 2 million in zakat expenses. Revenue, however, rose 11.42% to SAR 198.73 million, supported by higher sales volumes in the industrial sector.
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