StocksMedium•4 November 2026•
1 min read
Saleh Al Rashed 9M 2026 Profits Drop 47% to SAR 35.15M
Key Facts
1Saleh Al Rashed's net profit fell 47% to SAR 35.15 million during the first nine months of 2026.
2The company recorded a Q3 2026 net profit of SAR 19.5 million, a 21.9% year-on-year decrease.
Saleh Al Rashed's net profit fell 47% to SAR 35.15 million during the first nine months of 2026. Argaam reported that the company recorded a Q3 2026 net profit of SAR 19.5 million, representing a 21.9% year-on-year decrease.
The profit decline was attributed to a 2% year-on-year decrease in revenue to SAR 534 million during the nine-month period. These results reflect a slowdown in fundamental growth within the Saudi Stock Market TASI as the company faced sustained pressure on its bottom line.