Al-Ramaz Profits Drop 60.6% in Saudi Q2

The "Al-Ramz" Saudi Real Estate Company’s profits dropped by more than 60% in the second quarter of this year, recording a net profit of 25.6 million SAR compared to 56 million SAR in the same period last year. This decline is attributed to lower fair value gains, an increase in Zakat provisions by 6.6 million SAR, and a rise in financing costs by 51.2% compared to the same period. In the first half of the year, the company achieved profits of 54.3 million SAR, down 24.1% from the previous year, despite first-half profits reaching 71.5 million SAR in 2025.

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