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Amiantit Q3 Losses SAR40m

Amiantit Q3 Losses SAR40m

Saudi Arabian Amiantit Company reported net losses of SAR 40.02 million in the third quarter of 2026, up 684.1% year on year from SAR 5.10 million a year earlier, as revenue fell 61% to SAR 66.61 million. The company attributed the increase in losses to weaker demand for infrastructure products, supply-chain and logistics challenges, higher raw-material prices, and losses on investments in foreign companies. In the first nine months of the year, losses rose to SAR 162.97 million, while revenue declined 54.7% to SAR 236.35 million.

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