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المشهد العربي
Global Telecom Losses Widened in H1
The losses of Taqaddum Global for Communications and Information Technology doubled in the first half of 2026, reaching 4.1 million riyals compared to 2.77 million riyals in the previous year. This increase is attributed to higher costs of products and devices, increased shipping expenses, import and supply chain challenges, as well as regional circumstances that affected costs and profits. Nonetheless, the company experienced an increase in revenues due to rising demand for technological solutions in the Saudi market, supported by expansion in digital transformation and the reliance of both government and private sectors on modern technologies.
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