StocksMedium•5 November 2026•
1 min read
Miahona Net Profit Plummets 89% to SAR 8.2 Million in First Nine Months
Key Facts
1Miahona reported a net profit of SAR 8.2 million for the first nine months of 2026, an 89% decrease year-on-year.
2Third-quarter 2026 net profit fell 41.3% to SAR 2.7 million compared to the same period last year.
Miahona reported a net profit of SAR 8.2 million for the first nine months of 2026, marking an 89% decrease compared to the previous year. Argaam reported that third-quarter 2026 net profit fell 41.3% to SAR 2.7 million relative to the same period last year.
The decline was attributed to lower gross profit resulting from reduced revenues in the company's construction, development, and other business sectors. The stock 2084.SR closed at SAR 9.04 on November 4, 2026, having traded between a day low of SAR 8.6 and a high of SAR 9.05.