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OGC Q3 profits rise 90.6%
Al Obeikan Glass’s net profit jumped 90.63% year on year in the third quarter of 2026 to SAR 19.54 million, compared with SAR 10.25 million in the same period of 2025, but fell 17.27% from the previous quarter. Revenue rose 26.39% year on year to SAR 117.11 million, driven by the consolidation of its subsidiary’s sales and growth in revenue from the aluminum casting segment, partly offset by lower revenue from glass panels. The company attributed the increase in profit to the consolidation of its subsidiary’s results, income recognized from the settlement of liabilities, higher gross profit and lower administrative expenses. These gains were partly offset by higher selling and distribution expenses.
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