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Othaim posts Q3 losses
Abdullah Al Othaim Markets Company incurred net losses of SAR 39.26 million in the third quarter of 2026, compared with profits of SAR 17.48 million in the same period of 2025. Its losses fell 63.35% from the previous quarter. The company attributed the year-on-year deterioration to lower sales and gross profit margins, as well as higher e-commerce expenses. Revenue declined 2.48% to SAR 2.66 billion. In the first nine months of 2026, losses totaled SAR 92.73 million, compared with profits of SAR 134.98 million a year earlier.
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