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Tasnee Q3 Losses Ease

Tasnee Q3 Losses Ease

The National Industrialization Company cut its net losses by 21.4% in the third quarter of 2026 to SAR 438.8 million, compared with SAR 558.5 million in the same period a year earlier. Revenue fell 31.2% to SAR 444.4 million as operational challenges and supply-chain disruptions reduced sales volumes, despite higher average selling prices. The company also recorded an impairment of non-financial assets, of which SAR 276 million was attributable to the company. In the first nine months of the year, the company swung to a net loss of SAR 1.32 billion, compared with a profit of SAR 271.5 million a year earlier. It also rescheduled financing facilities worth SAR 2 billion.

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